JPMorgan Chase & Co. Upgrades M&G (LON:MNG) to “Neutral”

M&G (LON:MNG) was upgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a GBX 220 ($2.70) price target on the stock, up from their prior price target of GBX 195 ($2.39). JPMorgan Chase & Co.‘s price objective points to a potential upside of 8.48% from the company’s previous close.

Separately, Barclays increased their price objective on M&G from GBX 190 ($2.33) to GBX 200 ($2.46) and gave the stock an “underweight” rating in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 228 ($2.80).

M&G Stock Performance

M&G stock opened at GBX 202.80 ($2.49) on Monday. The company has a debt-to-equity ratio of 202.87, a current ratio of 2.62 and a quick ratio of 0.39. The stock has a fifty day moving average price of GBX 198.84 and a two-hundred day moving average price of GBX 196.60. M&G has a 52-week low of GBX 168.35 ($2.07) and a 52-week high of GBX 229.90 ($2.82). The firm has a market capitalization of £4.79 billion, a P/E ratio of -1,126.67, a P/E/G ratio of -2.76 and a beta of 1.55.

About M&G

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through Asset Management, and Retail and Savings segments. It offers retirement, savings, and investment management solutions to its retail and institutional customers.