JPMorgan Chase & Co. Has Lowered Expectations for M&G (LON:MNG) Stock Price

M&G (LON:MNG) had its target price dropped by stock analysts at JPMorgan Chase & Co. from GBX 320 to GBX 315 in a report released on Thursday, MarketBeat.com reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 15.01% from the stock’s current price.

A number of other brokerages have also recently commented on MNG. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 342 target price on shares of M&G in a report on Monday, February 9th. Citigroup boosted their price target on M&G from GBX 260 to GBX 288 and gave the company a “neutral” rating in a report on Tuesday. The Goldman Sachs Group upped their price target on M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Finally, UBS Group downgraded M&G to a “neutral” rating and raised their price objective for the stock from GBX 275 to GBX 290 in a research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 304.67.

M&G Trading Down 0.9%

Shares of MNG stock opened at GBX 273.90 on Thursday. M&G has a 12 month low of GBX 171.55 and a 12 month high of GBX 324.50. The stock has a market cap of £6.50 billion, a P/E ratio of -109.56, a P/E/G ratio of -2.76 and a beta of 0.90. The company has a 50 day simple moving average of GBX 303.91 and a two-hundred day simple moving average of GBX 281.39.

M&G (LON:MNG) last issued its quarterly earnings results on Thursday, March 12th. The company reported GBX 12.60 earnings per share for the quarter. M&G had a net margin of 1.73% and a return on equity of 9.49%. As a group, equities 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.