Analysts Set M&G plc (LON:MNG) Target Price at GBX 282.83

Shares of M&G plc (LON:MNG) have been given an average rating of “Hold” by the seven research firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 289.29.

A number of equities analysts have recently weighed in on MNG shares. JPMorgan Chase & Co. upped their price objective on M&G from GBX 305 to GBX 315 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 265 target price on shares of M&G in a research note on Monday, November 10th. The Goldman Sachs Group upped their price target on M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a research note on Wednesday. Berenberg Bank raised shares of M&G to a “buy” rating and increased their price objective for the company from GBX 225 to GBX 342 in a report on Friday, October 10th. Finally, UBS Group cut shares of M&G to a “neutral” rating and lifted their price objective for the company from GBX 275 to GBX 290 in a research report on Wednesday, December 17th.

M&G Trading Up 0.0%

Shares of MNG stock opened at GBX 305.10 on Wednesday. M&G has a 52-week low of GBX 171.55 and a 52-week high of GBX 309.70. 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 has a market capitalization of £7.24 billion, a PE ratio of -122.04, a PEG ratio of -2.76 and a beta of 1.47. The stock has a fifty day simple moving average of GBX 282.32 and a two-hundred day simple moving average of GBX 267.96.

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.