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

M&G (LON:MNG) had its price target cut by JPMorgan Chase & Co. from GBX 320 to GBX 315 in a report released on Thursday, MarketBeat.com reports. They currently have a neutral rating on the stock.

Several other research firms have also recently weighed in on MNG. UBS Group cut shares of M&G to a “neutral” rating and upped their price target for the stock from GBX 275 to GBX 290 in a report on Wednesday, December 17th. Citigroup lifted their price objective on M&G from GBX 260 to GBX 288 and gave the company a “neutral” rating in a research note on Tuesday, March 24th. The Goldman Sachs Group boosted their target price on M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 342 target price on shares of M&G in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 304.67.

M&G Trading Down 0.9%

M&G stock opened at GBX 273.90 on Thursday. The firm’s 50 day simple moving average is GBX 303.91 and its 200 day simple moving average is GBX 281.56. The firm has a market capitalization of £6.50 billion, a PE ratio of -109.56, a price-to-earnings-growth 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 posted its earnings results on Thursday, March 12th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. M&G had a net margin of 1.73% and a return on equity of 9.49%. Research 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.