Citigroup Issues Positive Forecast for M&G (LON:MNG) Stock Price

M&G (LON:MNG) had its price objective raised by Citigroup from GBX 260 to GBX 288 in a research note released on Tuesday morning, MarketBeat.com reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also recently issued reports on MNG. Berenberg Bank restated a “buy” rating and set a GBX 342 price objective on shares of M&G in a report on Monday, February 9th. The Goldman Sachs Group lifted their price objective on M&G from GBX 300 to GBX 328 and gave the company a “buy” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. increased their target price on M&G from GBX 305 to GBX 320 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, UBS Group lowered M&G to a “neutral” rating and raised their price target for the stock from GBX 275 to GBX 290 in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 305.50.

M&G Stock Performance

Shares of MNG opened at GBX 273.80 on Tuesday. The company has a market capitalization of £6.50 billion, a price-to-earnings ratio of -109.52, a PEG ratio of -2.76 and a beta of 0.90. The company’s 50 day simple moving average is GBX 305.10 and its 200 day simple moving average is GBX 281.31. M&G has a 1 year low of GBX 171.55 and a 1 year high of GBX 324.50.

M&G (LON:MNG) last announced its earnings results on Thursday, March 12th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. M&G had a net margin of 1.73% and a return on equity of 9.49%. Equities analysts expect that M&G will post 24.2485207 EPS for the current fiscal 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.