M&G (LON:MNG) Given New GBX 288 Price Target at Citigroup

M&G (LON:MNG) had its price objective increased by equities research analysts at Citigroup from GBX 260 to GBX 288 in a research note issued on Tuesday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 5.38% from the company’s current price.

Several other brokerages have also issued reports on MNG. JPMorgan Chase & Co. boosted their price objective on M&G from GBX 305 to GBX 320 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Berenberg Bank reissued a “buy” rating and set a GBX 342 price objective on shares of M&G in a research report on Monday, February 9th. The Goldman Sachs Group raised their price objective 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. Finally, UBS Group lowered shares of M&G to a “neutral” rating and upped their target price for the stock from GBX 275 to GBX 290 in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, M&G has an average rating of “Hold” and a consensus target price of GBX 305.50.

M&G Trading Down 0.2%

MNG stock opened at GBX 273.30 on Tuesday. The business’s 50-day moving average price is GBX 305.50 and its two-hundred day moving average price is GBX 281.21. The firm has a market cap of £6.48 billion, a PE ratio of -109.32, a P/E/G 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 results 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 forecast that M&G will post 24.2485207 earnings per share for the current 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.