M&G (LON:MNG) Price Target Raised to GBX 320 at JPMorgan Chase & Co.

M&G (LON:MNG) had its price objective upped by investment analysts at JPMorgan Chase & Co. from GBX 305 to GBX 320 in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 1.98% from the company’s current price.

A number of other equities analysts have also weighed in on MNG. The Goldman Sachs Group upped their price objective on M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. UBS Group downgraded shares of M&G to a “neutral” rating and increased their price objective for the company from GBX 275 to GBX 290 in a report on Wednesday, December 17th. Berenberg Bank upgraded M&G to a “buy” rating and boosted their target price for the stock from GBX 225 to GBX 342 in a report on Friday, October 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 265 price target on shares of M&G in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 290.

M&G Trading Up 0.4%

M&G stock traded up GBX 1.10 during trading hours on Wednesday, reaching GBX 313.80. The stock had a trading volume of 7,387,586 shares, compared to its average volume of 32,822,000. The stock has a market cap of £7.45 billion, a PE ratio of -125.52, a PEG ratio of -2.76 and a beta of 1.47. The company has a fifty day simple moving average of GBX 289.55 and a 200-day simple moving average of GBX 270.94. 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 has a 52 week low of GBX 171.55 and a 52 week high of GBX 315.60.

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.