JPMorgan Chase & Co. Issues Positive Forecast for M&G (LON:MNG) Stock Price

M&G (LON:MNG) had its price objective hoisted by JPMorgan Chase & Co. from GBX 315 to GBX 325 in a research note released on Friday morning, Marketbeat reports. The firm currently has a neutral rating on the stock.

Several other analysts also recently weighed in on the stock. UBS Group reiterated a “neutral” rating and issued a GBX 300 target price on shares of M&G in a report on Tuesday. Jefferies Financial Group restated a “buy” rating and set a GBX 215 price target on shares of M&G in a research report on Thursday. Royal Bank Of Canada lifted their price objective on M&G from GBX 260 to GBX 285 and gave the company a “sector perform” rating in a research note on Tuesday, April 7th. Citigroup boosted their price objective on M&G from GBX 260 to GBX 288 and gave the company a “neutral” rating in a report on Tuesday, March 24th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 342 target price on shares of M&G in a research note on Monday, February 9th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, M&G has a consensus rating of “Hold” and an average target price of GBX 297.57.

M&G Trading Down 1.3%

Shares of MNG opened at GBX 302.50 on Friday. The company’s 50-day moving average price is GBX 294.29 and its 200 day moving average price is GBX 288.95. M&G has a 12-month low of GBX 213.50 and a 12-month high of GBX 324.50. The firm has a market cap of £7.21 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of -2.76 and a beta of 0.97.

M&G (LON:MNG) last announced its 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%. Equities research 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.