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

M&G (LON:MNG)‘s stock had its “neutral” rating reiterated by equities research analysts at UBS Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 300 target price on the stock. UBS Group’s target price points to a potential downside of 0.33% from the stock’s current price.

Several other brokerages have also recently weighed in on MNG. Royal Bank Of Canada upped 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. JPMorgan Chase & Co. lowered 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 report on Thursday, March 26th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 342 price target on shares of M&G in a research report on Monday, February 9th. The Goldman Sachs Group boosted their price objective 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. Finally, Citigroup boosted 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. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, M&G presently has an average rating of “Hold” and an average target price of GBX 309.67.

M&G Stock Performance

Shares of MNG opened at GBX 301 on Tuesday. The company has a 50 day moving average price of GBX 295.05 and a 200-day moving average price of GBX 287.98. M&G has a fifty-two week low of GBX 210.50 and a fifty-two week high of GBX 324.50. The stock has a market capitalization of £7.17 billion, a PE ratio of 24.47, a PEG ratio of -2.76 and a beta of 0.95.

M&G (LON:MNG) last announced its quarterly 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%. Equities 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.