Brokerages Set M&G plc (LON:MNG) Price Target at GBX 677.86

Shares of M&G plc (LON:MNG) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 677.86.

A number of research firms have weighed in on MNG. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 215 price objective on shares of M&G in a research note on Friday. Citigroup upped their price objective on M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a research note on Tuesday, June 9th.

M&G Price Performance

Shares of LON MNG opened at GBX 356.90 on Thursday. The company has a 50 day simple moving average of GBX 351.30 and a 200 day simple moving average of GBX 321.21. The firm has a market cap of £8.50 billion, a PE ratio of -74.35, a price-to-earnings-growth ratio of -2.76 and a beta of 0.95. M&G has a 1 year low of GBX 248.60 and a 1 year high of GBX 367.10.

M&G (LON:MNG) last announced its earnings results on Thursday, September 3rd. The company reported GBX (7.10) EPS for the quarter. M&G had a negative net margin of 0.44% and a negative return on equity of 3.86%. As a group, research analysts anticipate 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.