M&G (LON:MNG) Price Target Raised to GBX 260 at Citigroup

M&G (LON:MNG) had its target price boosted by analysts at Citigroup from GBX 214 ($2.84) to GBX 260 ($3.45) in a report released on Tuesday, MarketBeat reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 0.97% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of M&G from GBX 290 ($3.85) to GBX 305 ($4.04) and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Royal Bank Of Canada upped their price target on shares of M&G from GBX 225 ($2.98) to GBX 240 ($3.18) and gave the stock a “sector perform” rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 251 ($3.33).

M&G Stock Performance

Shares of MNG stock opened at GBX 257.50 ($3.41) on Tuesday. M&G has a 12 month low of GBX 171.55 ($2.27) and a 12 month high of GBX 262.33 ($3.48). The stock has a market cap of £6.13 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70. The company’s fifty day moving average price is GBX 250.58 and its 200-day moving average price is GBX 221.74.

Insider Transactions at M&G

In other M&G news, insider Clive Adamson bought 600 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average price of GBX 237 ($3.14) per share, with a total value of £1,422 ($1,885.44). 1.75% of the stock is currently owned by insiders.

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.