M&G plc (LON:MNG) Given Consensus Rating of “Hold” by Analysts

Shares of M&G plc (LON:MNG) have been given a consensus rating of “Hold” by the six brokerages that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 300.83.

A number of research analysts have commented on MNG shares. The Goldman Sachs Group raised their target price on shares of M&G from GBX 300 to GBX 328 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Berenberg Bank reiterated a “buy” rating and set a GBX 342 price objective on shares of M&G in a research note on Monday, February 9th. JPMorgan Chase & Co. lifted their price objective on shares of M&G from GBX 305 to GBX 320 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, UBS Group downgraded shares of M&G to a “neutral” rating and boosted their price objective for the stock from GBX 275 to GBX 290 in a research note on Wednesday, December 17th.

M&G Price Performance

MNG stock opened at GBX 300.60 on Thursday. M&G has a 1-year low of GBX 171.55 and a 1-year high of GBX 324.50. The business has a 50-day moving average price of GBX 306.19 and a 200 day moving average price of GBX 279.63. The company has a market capitalization of £7.13 billion, a P/E ratio of -120.24, a PEG ratio of -2.76 and a beta of 0.90.

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.