M&G (LON:MNG) Given New GBX 328 Price Target at The Goldman Sachs Group

M&G (LON:MNG) had its price objective raised by The Goldman Sachs Group from GBX 300 to GBX 328 in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

MNG has been the topic of a number of other research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 265 price target on shares of M&G in a report on Monday, November 10th. UBS Group lowered shares of M&G to a “neutral” rating and boosted their price objective for the company from GBX 275 to GBX 290 in a research report on Wednesday, December 17th. Berenberg Bank upgraded M&G to a “buy” rating and upped their target price for the company from GBX 225 to GBX 342 in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of M&G from GBX 305 to GBX 315 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 289.29.

M&G Trading Up 0.6%

Shares of MNG stock opened at GBX 303.25 on Wednesday. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39. M&G has a 1-year low of GBX 171.55 and a 1-year high of GBX 304.20. The firm has a market capitalization of £7.19 billion, a PE ratio of -121.30, a P/E/G ratio of -2.76 and a beta of 1.47. The business’s fifty day moving average price is GBX 280.95 and its 200 day moving average price is GBX 267.35.

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.