M&G (LON:MNG) Price Target Raised to GBX 265 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target for M&G from GBX 240 to GBX 265, suggesting a potential upside of 3.31% from the stock's previous close.
• M&G currently has a consensus rating of "Hold" among analysts, with two recommending a "Buy" and three suggesting a "Hold".
• The company's stock is down 0.3% as of Tuesday, with a current share price of GBX 256.50.

M&G (LON:MNG - Get Free Report) had its price objective lifted by analysts at Royal Bank Of Canada from GBX 240 to GBX 265 in a research note issued on Tuesday,Digital Look reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target would indicate a potential upside of 3.31% from the stock's previous close.

A number of other brokerages have also issued reports on MNG. JPMorgan Chase & Co. upped their target price on M&G from GBX 290 to GBX 305 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Citigroup increased their price target on M&G from GBX 214 to GBX 260 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Finally, UBS Group reiterated a "buy" rating and issued a GBX 275 target price on shares of M&G in a research note on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, M&G currently has a consensus rating of "Hold" and a consensus price target of GBX 266.

M&G Stock Down 0.3%

Shares of LON:MNG opened at GBX 256.50 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 218.70. M&G has a 52-week low of GBX 171.55 and a 52-week high of GBX 279. The company has a 50 day moving average of GBX 260.45 and a two-hundred day moving average of GBX 232.89. The company has a market capitalization of £6.07 billion, a price-to-earnings ratio of -1,698.68, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47.

M&G (LON:MNG - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported GBX 10.10 earnings per share (EPS) for the quarter. M&G had a net margin of 1.85% and a return on equity of 4.31%. As a group, analysts forecast 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.

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