Citigroup Increases M&G (LON:MNG) Price Target to GBX 2,950

M&G (LON:MNG) had its price objective lifted by research analysts at Citigroup from GBX 2,880 to GBX 2,950 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock.

A number of other equities research analysts have also weighed in on MNG. Jefferies Financial Group restated a “buy” rating and set a GBX 215 price objective on shares of M&G in a research report on Thursday, May 7th. Berenberg Bank restated a “buy” rating and set a GBX 342 price objective on shares of M&G in a research report on Monday, February 9th. Royal Bank Of Canada boosted their price objective on M&G from GBX 260 to GBX 285 and gave the stock a “sector perform” rating in a research report on Tuesday, April 7th. JPMorgan Chase & Co. boosted their price objective on M&G from GBX 315 to GBX 325 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, UBS Group restated a “neutral” rating and set a GBX 300 price objective on shares of M&G in a research report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 677.86.

M&G Trading Up 0.9%

MNG opened at GBX 317 on Tuesday. The company’s 50 day moving average is GBX 300.47 and its 200-day moving average is GBX 295.88. M&G has a 1-year low of GBX 247 and a 1-year high of GBX 324.50. The company has a market cap of £7.55 billion, a P/E ratio of 25.77, a PEG ratio of -2.76 and a beta of 0.95.

M&G (LON:MNG) last issued its quarterly earnings data on Thursday, March 12th. The company reported GBX 12.60 earnings per share for the quarter. M&G had a return on equity of 9.49% and a net margin of 1.73%. On average, equities analysts forecast that M&G will post 24.2485207 EPS for the current year.

Insider Activity at M&G

In related news, insider Elisabeth Stheeman purchased 3,150 shares of M&G stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of GBX 314 per share, for a total transaction of £9,891. Company insiders own 0.13% of the company’s stock.

M&G Company Profile

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.

We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa. M&G Investments manages assets for clients globally.

With roots stretching back more than 170 years, we have a long history of finding innovative solutions for our customers’ changing needs.