Citigroup Increases M&G (LON:MNG) Price Target to GBX 2,950

M&G (LON:MNG – Get Free Report) had its price target hoisted by analysts at Citigroup from GBX 2,880 to GBX 2,950 in a report issued on Tuesday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Royal Bank Of Canada raised their price target on shares of M&G from GBX 260 to GBX 285 and gave the stock a “sector perform” rating in a report on Tuesday, April 7th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 215 price target on shares of M&G in a report on Thursday, May 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 342 price target on shares of M&G in a report on Monday, February 9th. UBS Group reiterated a “neutral” rating and issued a GBX 300 price target on shares of M&G in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. increased their target price on M&G from GBX 315 to GBX 325 and gave the stock a “neutral” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, M&G presently has a consensus rating of “Hold” and a consensus price target of GBX 677.86.

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M&G Price Performance

Shares of M&G stock opened at GBX 317 on Tuesday. The firm has a market cap of £7.55 billion, a price-to-earnings ratio of 25.77, a PEG ratio of -2.76 and a beta of 0.95. The stock’s 50-day moving average is GBX 300.47 and its 200 day moving average is GBX 295.88. M&G has a one year low of GBX 247 and a one year high of GBX 324.50.

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

Insider Activity

In other news, insider Elisabeth Stheeman bought 3,150 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of GBX 314 per share, for a total transaction of £9,891. 0.13% of the stock is currently owned by corporate insiders.

M&G Company Profile

(Get Free Report)

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.

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