Analysts Set M&G plc (LON:MNG) Target Price at GBX 304.67

Shares of M&G plc (LON:MNG) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 308.

MNG has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on M&G from GBX 260 to GBX 285 and gave the company a “sector perform” rating in a research note on Tuesday. Citigroup upped their price objective on M&G from GBX 260 to GBX 288 and gave the company a “neutral” rating in a research note on Tuesday, March 24th. JPMorgan Chase & Co. reduced their price objective on M&G from GBX 320 to GBX 315 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Berenberg Bank restated a “buy” rating and issued a GBX 342 price objective on shares of M&G in a research note on Monday, February 9th. Finally, UBS Group downgraded M&G to a “neutral” rating and upped their price objective for the company from GBX 275 to GBX 290 in a research note on Wednesday, December 17th.

M&G Trading Up 4.2%

Shares of M&G stock opened at GBX 293.10 on Monday. The stock has a fifty day simple moving average of GBX 300.27 and a 200 day simple moving average of GBX 283.08. M&G has a 12-month low of GBX 171.85 and a 12-month high of GBX 324.50. The company has a market capitalization of £6.98 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of -2.76 and a beta of 0.95.

M&G (LON:MNG) last announced 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, analysts predict that M&G will post 24.2485207 EPS 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.