M&G (LON: MNG) shares are trading higher Monday morning on the back of an upgrade by analysts at investment bank JPMorgan.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Key points:
- M&G shares are up over 1% Monday
- JPMorgan upgraded the stock
- The investment bank also raised the MNG price target to 220p
The firm raised the stock to Neutral from Underweight, assigning a new price target of 220p, up from 195p per share.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Analysts at the bank said that after an extended period of poor relative performance, they believe it is now time to revisit the UK life sub-sector, “particularly if we are close to ‘peak yields’ in the UK.”
M&G shares are currently up over 1% from Friday’s close. The stock hit a high of more than 207p earlier in the session but is trading at 205.7p at the time of writing. This year, M&G is up over 8%.
In September, MNG reported its interim results, posting an adjusted operating profit of £390 million, up from £298 million in the first half of 2022.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading stocks, forex, cryptos, and beyond. Dive in and test their capabilities with complimentary demo accounts today!
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
