M&G (LON:MNG) Price Target Raised to GBX 265 at Royal Bank Of Canada

M&G (LON:MNG) had its target price increased by equities researchers at Royal Bank Of Canada from GBX 240 to GBX 265 in a research note issued on Tuesday,Digital Look reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 3.31% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. UBS Group reissued a “buy” rating and issued a GBX 275 price target on shares of M&G in a research note on Friday, August 15th. JPMorgan Chase & Co. boosted their price target on M&G from GBX 290 to GBX 305 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, Citigroup boosted their price target on M&G from GBX 214 to GBX 260 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, M&G has an average rating of “Hold” and a consensus price target of GBX 266.

M&G Price Performance

LON MNG opened at GBX 256.50 on Tuesday. The firm has a market capitalization of £6.07 billion, a price-to-earnings ratio of -1,698.68, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a 50 day simple moving average of GBX 260.45 and a 200-day simple moving average of GBX 232.89. M&G has a 52-week low of GBX 171.55 and a 52-week high of GBX 279. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39.

M&G (LON:MNG) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported GBX 10.10 EPS for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. Equities research 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.