JPMorgan Chase & Co. Boosts M&G (LON:MNG) Price Target to GBX 320

M&G (LON:MNG) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from GBX 305 to GBX 320 in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 1.98% from the company’s previous close.

MNG has been the topic of a number of other research reports. The Goldman Sachs Group increased their price target on M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 265 target price on shares of M&G in a report on Monday, November 10th. UBS Group cut M&G to a “neutral” rating and raised their price target for the stock from GBX 275 to GBX 290 in a research report on Wednesday, December 17th. Finally, Berenberg Bank raised shares of M&G to a “buy” rating and upped their price objective for the stock from GBX 225 to GBX 342 in a research report on Friday, October 10th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 290.

M&G Price Performance

LON:MNG opened at GBX 313.80 on Wednesday. The firm’s 50-day simple moving average is GBX 290.39 and its 200 day simple moving average is GBX 271.24. M&G has a 52 week low of GBX 171.55 and a 52 week high of GBX 315.60. The firm has a market cap of £7.45 billion, a price-to-earnings ratio of -125.52, a P/E/G 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.

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.