M&G (LON:MNG) Price Target Cut to GBX 315 by Analysts at JPMorgan Chase & Co.

M&G (LON:MNG) had its target price lowered by JPMorgan Chase & Co. from GBX 320 to GBX 315 in a report released on Thursday morning, Marketbeat reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 342 target price on shares of M&G in a research report on Monday, February 9th. The Goldman Sachs Group boosted their price target on shares of M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a report on Wednesday, January 21st. UBS Group downgraded shares of M&G to a “neutral” rating and raised their price objective for the stock from GBX 275 to GBX 290 in a report on Wednesday, December 17th. Finally, 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 report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 304.67.

M&G Stock Up 0.7%

M&G stock opened at GBX 278.10 on Thursday. M&G has a 52 week low of GBX 171.55 and a 52 week high of GBX 324.50. The company’s 50 day moving average price is GBX 304.42 and its two-hundred day moving average price is GBX 281.28. The stock has a market cap of £6.60 billion, a P/E ratio of -111.24, a P/E/G ratio of -2.76 and a beta of 0.90.

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

About M&G

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.