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

Shares of M&G plc (LON:MNG) have received an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 304.67.

A number of research firms recently commented on MNG. JPMorgan Chase & Co. dropped their price objective on M&G from GBX 320 to GBX 315 and set a “neutral” rating for the company in a report on Thursday, March 26th. The Goldman Sachs Group raised their target price on M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a report on Wednesday, January 21st. UBS Group lowered M&G to a “neutral” rating and boosted their target price for the stock from GBX 275 to GBX 290 in a research report on Wednesday, December 17th. Citigroup lifted their price objective on shares of M&G from GBX 260 to GBX 288 and gave the stock a “neutral” rating in a research note on Tuesday, March 24th. Finally, 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.

M&G Stock Performance

Shares of MNG stock opened at GBX 284.70 on Monday. The firm’s 50 day moving average price is GBX 301.55 and its two-hundred day moving average price is GBX 282.64. M&G has a 52-week low of GBX 171.55 and a 52-week high of GBX 324.50. The stock has a market cap of £6.76 billion, a PE ratio of -113.88, a PEG ratio of -2.76 and a beta of 0.90.

M&G (LON:MNG) last posted its quarterly earnings results on Thursday, March 12th. The company reported GBX 12.60 earnings per share for the quarter. M&G had a return on equity of 9.49% and a net margin of 1.73%. As a group, sell-side analysts predict that M&G will post 24.2485207 earnings per share 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.