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

Shares of M&G plc (LON:MNG) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 677.86.

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price objective on M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. Jefferies Financial Group restated a “buy” rating and set a GBX 215 target price on shares of M&G in a report on Friday.

M&G Stock Performance

M&G stock opened at GBX 355.80 on Thursday. The company has a market capitalization of £8.48 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of -2.76 and a beta of 0.95. M&G has a fifty-two week low of GBX 248.60 and a fifty-two week high of GBX 367.10. The firm has a 50 day moving average price of GBX 350.81 and a 200 day moving average price of GBX 320.86.

M&G (LON:MNG) last released its quarterly earnings results on Thursday, September 3rd. The company reported GBX (7.10) EPS for the quarter. M&G had a negative return on equity of 3.86% and a negative net margin of 0.44%. As a group, equities 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.