M&G (LON:MNG) Given New GBX 315 Price Target at JPMorgan Chase & Co.

M&G (LON:MNG) had its price objective cut by investment analysts at JPMorgan Chase & Co. from GBX 320 to GBX 315 in a research report issued on Thursday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 13.47% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Citigroup raised their price objective on M&G from GBX 260 to GBX 288 and gave the company a “neutral” rating in a research note on Tuesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 342 target price on shares of M&G in a research report on Monday, February 9th. UBS Group downgraded M&G to a “neutral” rating and increased their price target for the company from GBX 275 to GBX 290 in a report on Wednesday, December 17th. Finally, The Goldman Sachs Group lifted their price target on shares of M&G from GBX 300 to GBX 328 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 304.67.

M&G Price Performance

M&G stock opened at GBX 277.60 on Thursday. The company has a market capitalization of £6.59 billion, a price-to-earnings ratio of -111.04, a PEG ratio of -2.76 and a beta of 0.90. M&G has a one year low of GBX 171.55 and a one year high of GBX 324.50. The company’s fifty day moving average price is GBX 304.84 and its two-hundred day moving average price is GBX 281.30.

M&G (LON:MNG) 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 return on equity of 9.49% and a net margin of 1.73%. As a group, sell-side analysts anticipate that M&G will post 24.2485207 earnings per share for the current 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.