Brokerages Set M&G plc (LON:MNG) Price Target at GBX 282.83

M&G plc (LON:MNGGet Free Report) has been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 282.83.

A number of research analysts recently weighed in on the stock. UBS Group cut shares of M&G to a “neutral” rating and lifted their target price for the company from GBX 275 to GBX 290 in a research note on Wednesday, December 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 265 price target on shares of M&G in a report on Monday, November 10th. Berenberg Bank upgraded M&G to a “buy” rating and boosted their price objective for the company from GBX 225 to GBX 342 in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. increased their target price on M&G from GBX 305 to GBX 315 and gave the stock an “overweight” rating in a research report on Friday, November 7th.

Read Our Latest Report on M&G

M&G Price Performance

Shares of LON:MNG opened at GBX 285.08 on Friday. The company has a market capitalization of £6.76 billion, a P/E ratio of -114.03, a P/E/G ratio of -2.76 and a beta of 1.47. M&G has a 1-year low of GBX 171.55 and a 1-year high of GBX 286.90. The firm’s 50 day simple moving average is GBX 271.35 and its two-hundred day simple moving average is GBX 262.84. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39.

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.

See Also

Analyst Recommendations for M&G (LON:MNG)

Receive News & Ratings for M&G Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M&G and related companies with MarketBeat.com's FREE daily email newsletter.