Royal Bank Of Canada Boosts M&G (LON:MNG) Price Target to GBX 285

M&G (LON:MNG) had its price target upped by analysts at Royal Bank Of Canada from GBX 260 to GBX 285 in a research note issued on Tuesday, Marketbeat Ratings reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 2.76% from the company’s previous close.

A number of other research analysts have also commented on the stock. Citigroup upped their price target on shares of M&G from GBX 260 to GBX 288 and gave the company a “neutral” rating in a research note on Tuesday, March 24th. The Goldman Sachs Group upped their price target on shares of M&G from GBX 300 to GBX 328 and gave the company a “buy” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of M&G from GBX 320 to GBX 315 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 342 price target on shares of M&G in a research note on Monday, February 9th. Finally, UBS Group lowered shares of M&G to a “neutral” rating and upped their price target for the company from GBX 275 to GBX 290 in a research note on Wednesday, December 17th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 308.

M&G Stock Performance

Shares of MNG opened at GBX 293.10 on Tuesday. M&G has a 52 week low of GBX 171.85 and a 52 week high of GBX 324.50. The firm has a market cap of £6.98 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of -2.76 and a beta of 0.95. The firm’s 50-day simple moving average is GBX 300.27 and its 200 day simple moving average is GBX 283.08.

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