M&G (LON:MNG) Price Target Raised to GBX 328 at The Goldman Sachs Group

M&G (LON:MNG) had its price target raised by equities researchers at The Goldman Sachs Group from GBX 300 to GBX 328 in a research report issued on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 8.16% from the stock’s current price.

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

M&G Stock Up 0.6%

MNG traded up GBX 1.85 during trading hours on Wednesday, reaching GBX 303.25. 936,270,875 shares of the stock traded hands, compared to its average volume of 83,995,141. M&G has a fifty-two week low of GBX 171.55 and a fifty-two week high of GBX 304.20. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39. The company has a market cap of £7.19 billion, a price-to-earnings ratio of -121.30, a PEG ratio of -2.76 and a beta of 1.47. The firm’s fifty day simple moving average is GBX 280.30 and its two-hundred day simple moving average is GBX 267.10.

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.