M&G (LON:MNG) Price Target Raised to GBX 288

M&G (LON:MNG) had its target price raised by Citigroup from GBX 260 to GBX 288 in a research note released on Tuesday, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

MNG has been the subject of a number of other reports. The Goldman Sachs Group upped their price objective on shares of M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on shares of M&G from GBX 305 to GBX 320 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. UBS Group lowered shares of M&G to a “neutral” rating and boosted their price target for the company from GBX 275 to GBX 290 in a report on Wednesday, December 17th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 342 price target on shares of M&G in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 304.67.

M&G Stock Down 1.0%

MNG opened at GBX 278.10 on Tuesday. The stock’s fifty day moving average is GBX 304.42 and its two-hundred day moving average is GBX 281.28. The company has a market capitalization of £6.60 billion, a P/E ratio of -111.24, a PEG ratio of -2.76 and a beta of 0.90. M&G has a 52 week low of GBX 171.55 and a 52 week high of GBX 324.50.

M&G (LON:MNG) last issued its earnings results 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%. Equities analysts anticipate that M&G will post 24.2485207 earnings per share for the current year.

About M&G

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.