M&G's (MNG) Neutral Rating Reaffirmed at UBS Group

Key Points

• UBS reaffirmed a "neutral" rating on M&G with a GBX 300 price target, implying roughly a 0.33% downside from the stock's current level.
• Broker views are mixed—two analysts rate M&G a Buy and four a Hold—resulting in an overall consensus of Hold and an average target of GBX 309.67, slightly above the recent price (GBX 301).

M&G (LON:MNG - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at UBS Group in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 300 price target on the stock. UBS Group's price objective indicates a potential downside of 0.33% from the company's current price.

Other equities analysts have also recently issued reports about the stock. The Goldman Sachs Group lifted their price target on shares of M&G from GBX 300 to GBX 328 and gave the stock a "buy" rating in a research note on Wednesday, January 21st. Berenberg Bank reaffirmed a "buy" rating and set a GBX 342 price target on shares of M&G in a research note on Monday, February 9th. Citigroup lifted 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. JPMorgan Chase & Co. dropped their price target on shares of M&G from GBX 320 to GBX 315 and set a "neutral" rating for the company in a research note on Thursday, March 26th. Finally, 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 note on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of GBX 309.67.

M&G Stock Down 1.4%

M&G stock opened at GBX 301 on Tuesday. The company's 50-day moving average price is GBX 295.05 and its 200-day moving average price is GBX 287.98. M&G has a twelve month low of GBX 210.50 and a twelve month high of GBX 324.50. The company has a market cap of £7.17 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of -2.76 and a beta of 0.95.

M&G (LON:MNG - Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported GBX 12.60 earnings per share for the quarter. M&G had a net margin of 1.73% and a return on equity of 9.49%. As a group, sell-side analysts expect 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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