M&G (LON:MNG) Price Target Raised to GBX 320

M&G (LON:MNGFree Report) had its price objective hoisted by JPMorgan Chase & Co. from GBX 305 to GBX 320 in a report published on Wednesday, MarketBeat Ratings reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on the company. Berenberg Bank raised M&G to a “buy” rating and upped their target price for the company from GBX 225 to GBX 342 in a report on Friday, October 10th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 265 price target on shares of M&G in a report on Monday, November 10th. UBS Group downgraded M&G to a “neutral” rating and upped their price objective for the company from GBX 275 to GBX 290 in a research note on Wednesday, December 17th. Finally, The Goldman Sachs Group raised their target price on M&G from GBX 300 to GBX 328 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, M&G has an average rating of “Hold” and a consensus target price of GBX 290.

Read Our Latest Analysis on M&G

M&G Trading Down 1.0%

Shares of MNG stock opened at GBX 307.10 on Wednesday. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. The company has a market capitalization of £7.29 billion, a price-to-earnings ratio of -122.84, a PEG ratio of -2.76 and a beta of 1.47. M&G has a 52-week low of GBX 171.55 and a 52-week high of GBX 315.60. The company has a 50-day simple moving average of GBX 291.08 and a two-hundred day simple moving average of GBX 271.57.

About M&G

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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.

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