M&G (LON:MNG) Stock Rating Reaffirmed by JPMorgan Chase & Co.

M&G (LON:MNG - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, LSE.Co.UK reports. They presently have a GBX 225 ($2.85) price objective on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 8.70% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group reissued a "buy" rating and issued a GBX 225 ($2.85) target price on shares of M&G in a research note on Tuesday, February 20th. Barclays reissued an "underweight" rating and issued a GBX 205 ($2.59) target price on shares of M&G in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, M&G presently has an average rating of "Hold" and an average target price of GBX 222.60 ($2.82).

M&G Price Performance

MNG stock traded down GBX 0.80 ($0.01) during midday trading on Wednesday, reaching GBX 207 ($2.62). 5,857,547 shares of the company's stock traded hands, compared to its average volume of 5,269,100. The company has a 50-day simple moving average of GBX 224.15 and a two-hundred day simple moving average of GBX 214.87. M&G has a 1-year low of GBX 181.55 ($2.30) and a 1-year high of GBX 241.10 ($3.05). The company has a market cap of £4.91 billion, a price-to-earnings ratio of 1,730.83, a PEG ratio of -2.76 and a beta of 1.49. The company has a quick ratio of 0.39, a current ratio of 2.52 and a debt-to-equity ratio of 207.54.

About M&G

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through three segments: Asset Management, Life, and Wealth. It offers retirement, savings, and investment management solutions. The company also provides individual and corporate pensions, retirement, annuities, life, savings, and investment products, such as equities, fixed income, multi-asset and real estate.