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

Shares of M&G plc (LON:MNGGet Free Report) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 677.86.

Several brokerages have commented on MNG. Jefferies Financial Group reissued a “buy” rating and set a GBX 215 price objective on shares of M&G in a research report on Friday, September 4th. Citigroup lifted their price objective on shares of M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a research report on Tuesday, June 9th.

Read Our Latest Stock Report on M&G

M&G Stock Down 2.8%

LON MNG opened at GBX 335.18 on Thursday. The company has a 50-day simple moving average of GBX 351.88 and a two-hundred day simple moving average of GBX 321.66. M&G has a 12-month low of GBX 248.60 and a 12-month high of GBX 367.10. The firm has a market cap of £7.99 billion, a price-to-earnings ratio of -69.83, a PEG ratio of -2.76 and a beta of 0.95.

M&G (LON:MNGGet Free Report) last issued its earnings results on Thursday, September 3rd. The company reported GBX (7.10) earnings per share (EPS) for the quarter. M&G had a negative return on equity of 3.86% and a negative net margin of 0.44%. Equities analysts expect that M&G will post 24.2485207 earnings per share for the current fiscal year.

About M&G

(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.

Further Reading

Analyst Recommendations for M&G (LON:MNG)

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