JPMorgan Chase & Co. Lowers M&G (LON:MNG) Price Target to GBX 315

M&G (LON:MNG) had its target price decreased by equities researchers at JPMorgan Chase & Co. from GBX 320 to GBX 315 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 13.47% from the stock’s previous close.

Several other research firms have also recently commented on MNG. The Goldman Sachs Group raised their price target on shares of M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Citigroup upped their price objective on shares of M&G from GBX 260 to GBX 288 and gave the company a “neutral” rating in a research note on Tuesday. UBS Group downgraded shares of M&G to a “neutral” rating and increased their target price for the stock from GBX 275 to GBX 290 in a research report on Wednesday, December 17th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 342 target price on shares of M&G in a research note on Monday, February 9th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 304.67.

M&G Trading Down 1.2%

LON:MNG opened at GBX 277.60 on Thursday. The business’s fifty day moving average price is GBX 304.84 and its 200 day moving average price is GBX 281.30. The firm has a market capitalization of £6.59 billion, a price-to-earnings ratio of -111.04, a PEG ratio of -2.76 and a beta of 0.90. M&G has a 1-year low of GBX 171.55 and a 1-year high of GBX 324.50.

M&G (LON:MNG) last announced its quarterly earnings data on Thursday, March 12th. The company reported GBX 12.60 EPS for the quarter. M&G had a return on equity of 9.49% and a net margin of 1.73%. Equities analysts forecast 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.