M&G PLC -8.6% potential downside indicated by Barclays

M&G PLC with ticker (LON:MNG) now has a potential downside of -8.6% according to Barclays.



Barclays set a target price of 205 GBX for the company, which when compared to the M&G PLC share price of 224 GBX at opening today (16/02/2024) indicates a potential downside of -8.6%. Trading has ranged between 168 (52 week low) and 232 (52 week high) with an average of 4,284,294 shares exchanging hands daily. The market capitalisation at the time of writing is £5,302,430,808.

M&G plc is a United Kingdom-based savings and investment company. The Company operates through three segments: Asset Management, Retail and Savings, and Corporate Centre. The Asset Management segment includes investment management capability which is offered to both wholesale and institutional clients. The Retail and Savings operating segment includes M&G Wealth, its Heritage business and Other Retail and Savings business, which primarily relates to its international savings business. M&G Wealth provides a range of retirement, savings, and investment management solutions to its clients. These products are distributed to clients through the wrap platform, intermediaries, and advisers, and include the retirement account. The Heritage business includes individual and corporate pensions, annuities, life, savings, and investment products. The Other Retail and Savings businesses include savings businesses based in Ireland (Prudential International Assurance plc) and Poland.