M&G (LON:MNG) Given New GBX 285 Price Target at Royal Bank Of Canada

M&G (LON:MNG) had its price target raised by Royal Bank Of Canada from GBX 260 to GBX 285 in a research report sent to investors on Tuesday,London Stock Exchange reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

A number of other equities analysts have also commented on MNG. JPMorgan Chase & Co. cut their price objective on shares of M&G from GBX 320 to GBX 315 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Citigroup increased their price objective on shares of M&G from GBX 260 to GBX 288 and gave the stock a “neutral” rating in a research note on Tuesday, March 24th. UBS Group lowered shares of M&G to a “neutral” rating and increased their price objective for the stock from GBX 275 to GBX 290 in a research note on Wednesday, December 17th. The Goldman Sachs Group increased 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. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 342 price target on shares of M&G in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 308.

M&G Price Performance

Shares of MNG opened at GBX 296.60 on Tuesday. The firm has a 50 day simple moving average of GBX 300.60 and a 200-day simple moving average of GBX 283.01. M&G has a 1-year low of GBX 171.85 and a 1-year high of GBX 324.50. The stock has a market cap of £7.07 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of -2.76 and a beta of 0.95.

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

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.