M&G (LON:MNG) Stock Price Expected to Rise, Citigroup Analyst Says

M&G (LON:MNG) had its price objective lifted by investment analysts at Citigroup from GBX 260 to GBX 288 in a research note issued on Tuesday, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 2.78% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. UBS Group cut shares of M&G to a “neutral” rating and boosted their price target for the company from GBX 275 to GBX 290 in a research report on Wednesday, December 17th. The Goldman Sachs Group raised their price objective on shares of M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of M&G from GBX 305 to GBX 320 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 342 target price on shares of M&G in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 305.50.

M&G Stock Performance

Shares of M&G stock opened at GBX 280.20 on Tuesday. The business’s 50 day moving average price is GBX 304.84 and its 200 day moving average price is GBX 281.30. The company has a market cap of £6.65 billion, a price-to-earnings ratio of -112.08, a PEG ratio of -2.76 and a beta of 0.90. M&G has a one year low of GBX 171.55 and a one year high of GBX 324.50.

M&G (LON:MNG) last issued its earnings results on Thursday, March 12th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. M&G had a return on equity of 9.49% and a net margin of 1.73%. On average, analysts predict that M&G will post 24.2485207 EPS for the current fiscal year.

About M&G

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.