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

Key Points

• Consensus rating: Hold — Six brokers cover M&G with an average rating of "Hold" (four Hold, two Buy) and a mean 1‑year price target of GBX 304.67.
• Analyst views mixed — Goldman Sachs upgraded to Buy and raised its TP to GBX 328, Berenberg remains Buy at GBX 342, while JPMorgan, UBS and Citi are Neutral with targets between GBX 288–315.
• Price and fundamentals — Shares opened at GBX 284.70 (50‑day MA GBX 301.55, 200‑day MA GBX 282.64), market cap £6.76bn, PE -113.88; last quarter EPS GBX 12.60, ROE 9.49% and net margin 1.73%.

Shares of M&G plc (LON:MNG - Get Free Report) have received an average rating of "Hold" from the six ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 304.67.

A number of research firms recently commented on MNG. JPMorgan Chase & Co. dropped their price objective on M&G from GBX 320 to GBX 315 and set a "neutral" rating for the company in a report on Thursday, March 26th. The Goldman Sachs Group raised their target price on M&G from GBX 300 to GBX 328 and gave the stock a "buy" rating in a report on Wednesday, January 21st. UBS Group lowered M&G to a "neutral" rating and boosted their target price for the stock from GBX 275 to GBX 290 in a research report on Wednesday, December 17th. 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 note on Tuesday, March 24th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 342 price objective on shares of M&G in a report on Monday, February 9th.

M&G Stock Performance

Shares of MNG stock opened at GBX 284.70 on Monday. The firm's 50 day moving average price is GBX 301.55 and its two-hundred day moving average price is GBX 282.64. M&G has a 52-week low of GBX 171.55 and a 52-week high of GBX 324.50. The stock has a market cap of £6.76 billion, a PE ratio of -113.88, a PEG ratio of -2.76 and a beta of 0.90.

M&G (LON:MNG - Get Free Report) last posted its quarterly 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, sell-side analysts predict 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. 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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