Royal Bank Of Canada Increases M&G (LON:MNG) Price Target to GBX 285

Key Points

• Royal Bank of Canada raised its price target on M&G to GBX 285 (from GBX 260) while keeping a "sector perform" rating; that target implies roughly a 3.62% downside from the stock's current ~GBX 295.70 price.
• Analyst views are mixed—two Buy and four Hold—giving a MarketBeat consensus of Hold with a consensus price target of GBX 308; M&G has a market cap of £7.04 billion, a P/E of 24.04 and a 52‑week range of GBX 171.85–324.50.

M&G (LON:MNG - Get Free Report) had its price objective raised by equities research analysts at Royal Bank Of Canada from GBX 260 to GBX 285 in a research note issued to investors on Tuesday,London Stock Exchange reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective indicates a potential downside of 3.62% from the stock's current price.

A number of other research firms also recently issued reports on MNG. JPMorgan Chase & Co. cut their target price on shares of M&G from GBX 320 to GBX 315 and set a "neutral" rating for the company in a research report on Thursday, March 26th. The Goldman Sachs Group increased their target price on shares of M&G from GBX 300 to GBX 328 and gave the stock a "buy" rating in a research report on Wednesday, January 21st. Citigroup increased their target price on shares of M&G from GBX 260 to GBX 288 and gave the stock a "neutral" rating in a research report on Tuesday, March 24th. UBS Group downgraded shares of M&G to a "neutral" rating and increased their target price for the stock from GBX 275 to GBX 290 in a research report on Wednesday, December 17th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 342 target price on shares of M&G in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of GBX 308.

M&G Stock Performance

M&G stock opened at GBX 295.70 on Tuesday. The company has a 50 day moving average price of GBX 300.60 and a 200 day moving average price of GBX 283.01. M&G has a 52 week low of GBX 171.85 and a 52 week high of GBX 324.50. The firm has a market capitalization of £7.04 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of -2.76 and a beta of 0.95.

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 (EPS) for the quarter. M&G had a net margin of 1.73% and a return on equity of 9.49%. Equities analysts forecast that M&G will post 24.2485207 earnings per share for the current fiscal year.

About M&G

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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