The Goldman Sachs Group Forecasts Strong Price Appreciation for M&G (LON:MNG) Stock

M&G (LON:MNG) had its price target upped by equities research analysts at The Goldman Sachs Group from GBX 300 to GBX 328 in a note issued to investors on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 8.16% from the company’s previous close.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of M&G from GBX 305 to GBX 315 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Berenberg Bank upgraded shares of M&G to a “buy” rating and boosted their price objective for the stock from GBX 225 to GBX 342 in a research report on Friday, October 10th. UBS Group downgraded shares of M&G to a “neutral” rating and raised their target price for the company from GBX 275 to GBX 290 in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 265 price target on shares of M&G in a research report on Monday, November 10th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 289.29.

M&G Stock Performance

M&G stock traded up GBX 1.85 during mid-day trading on Wednesday, reaching GBX 303.25. 936,270,875 shares of the company were exchanged, compared to its average volume of 83,995,141. The firm has a market cap of £7.19 billion, a PE ratio of -121.30, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. The firm’s 50-day simple moving average is GBX 280.30 and its two-hundred day simple moving average is GBX 267.10. M&G has a twelve month low of GBX 171.55 and a twelve month high of GBX 304.20.

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.