M&G plc (LON:MNG) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give M&G a consensus "Hold" rating (4 holds, 2 buys) with an average 12‑month price target of GBX 308.
• Analyst moves are mixed: Berenberg reiterated a buy at GBX 342 and Goldman Sachs raised its target to GBX 328 (buy), while JPMorgan trimmed its target to GBX 315 and kept a neutral/hold stance.
• M&G shares opened at GBX 302.70, near the consensus target; the company has a £7.21bn market cap, a P/E of 24.61, and a 52‑week range of GBX 206.10–324.50.

Shares of M&G plc (LON:MNG - Get Free Report) have earned a consensus rating of "Hold" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 308.

A number of analysts recently commented on MNG shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 342 price objective on shares of M&G in a research report on Monday, February 9th. The Goldman Sachs Group upped their target price on shares of M&G from GBX 300 to GBX 328 and gave the company a "buy" rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their target price 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. Royal Bank Of Canada lifted their price target on shares of M&G from GBX 260 to GBX 285 and gave the stock a "sector perform" rating in a research report on Tuesday, April 7th. Finally, Citigroup boosted their price target on shares of M&G from GBX 260 to GBX 288 and gave the stock a "neutral" rating in a research note on Tuesday, March 24th.

M&G Stock Performance

Shares of MNG opened at GBX 302.70 on Friday. The firm has a market capitalization of £7.21 billion, a price-to-earnings ratio of 24.61, a PEG ratio of -2.76 and a beta of 0.95. The business's fifty day moving average price is GBX 295.05 and its two-hundred day moving average price is GBX 287.64. M&G has a 52 week low of GBX 206.10 and a 52 week high of GBX 324.50.

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

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