M&G PLC -7.3% potential downside indicated by JP Morgan

Broker Ratings

M&G PLC with ticker (LON:MNG) now has a potential downside of -7.3% according to JP Morgan.

JP Morgan set a target price of 190 GBX for the company, which when compared to the M&G PLC share price of 204 GBX at opening today (08/02/2023) indicates a potential downside of -7.3%. Trading has ranged between 159 (52 week low) and 230 (52 week high) with an average of 4,836,379 shares exchanging hands daily. The market capitalisation at the time of writing is £4,823,112,540.

M&G plc is a United Kingdom-based international savings and investment company. The Company operates across two operating segments: Asset Management and Retail and Savings. The Asset Management segment is engaged in investment management capability, which is offered to both wholesale customers and institutional clients. The Retail and Savings segment includes M&G Wealth, Heritage, and Other Retail and Savings business, which primarily relates to its international savings business. The Company manages investments for both individuals and for institutional investors, such as pension funds. The Company serves its savings and insurance customers under the Prudential brand in the United Kingdom and Europe and for asset management in South Africa, and under the M&G Investments brand for asset management clients in the rest of the world. The Company serves customers in approximately 28 markets.

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