JPMorgan Chase & Co. Increases M&G (LON:MNG) Price Target to GBX 315

M&G (LON:MNG) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from GBX 305 to GBX 315 in a note issued to investors on Friday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 16.67% from the stock’s previous close.

MNG has been the subject of several other research reports. UBS Group restated a “buy” rating and issued a GBX 275 target price on shares of M&G in a report on Friday, August 15th. Royal Bank Of Canada raised their price objective on shares of M&G from GBX 240 to GBX 265 and gave the stock a “sector perform” rating in a research note on Tuesday, September 9th. Berenberg Bank upgraded M&G to a “buy” rating and boosted their target price for the company from GBX 225 to GBX 342 in a research report on Friday, October 10th. Finally, Citigroup upped their target price on M&G from GBX 214 to GBX 260 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 280.33.

M&G Price Performance

Shares of M&G stock opened at GBX 270 on Friday. The stock has a market cap of £6.39 billion, a price-to-earnings ratio of -108.00, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. The stock has a 50 day moving average price of GBX 258.46 and a 200-day moving average price of GBX 249.86. M&G has a one year low of GBX 171.55 and a one year high of GBX 279.

M&G (LON:MNG) last released its quarterly earnings results on Wednesday, September 3rd. The company reported GBX 10.10 earnings per share for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. Equities analysts expect that M&G will post 24.2485207 EPS for the current year.

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.