M&G (LON:MNG) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

M&G (LON:MNG) had its price objective upped by equities researchers at The Goldman Sachs Group from GBX 300 to GBX 328 in a research note issued to investors on Wednesday, Marketbeat reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 7.41% from the company’s previous close.

MNG has been the topic of several other research reports. UBS Group cut shares of M&G to a “neutral” rating and raised their target price for the company from GBX 275 to GBX 290 in a report on Wednesday, December 17th. JPMorgan Chase & Co. raised their price target on M&G from GBX 305 to GBX 315 and gave the company an “overweight” rating in a research note on Friday, November 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 265 price target on shares of M&G in a report on Monday, November 10th. Finally, Berenberg Bank upgraded M&G to a “buy” rating and increased their price objective for the company from GBX 225 to GBX 342 in a report on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, M&G currently has an average rating of “Hold” and a consensus price target of GBX 289.29.

M&G Trading Up 0.4%

MNG opened at GBX 305.37 on Wednesday. The business has a fifty day moving average price of GBX 281.60 and a 200 day moving average price of GBX 267.62. 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 has a 12 month low of GBX 171.55 and a 12 month high of GBX 309.70. The stock has a market capitalization of £7.24 billion, a price-to-earnings ratio of -122.15, a PEG ratio of -2.76 and a beta of 1.47.

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.