M&G PLC 12.1% potential upside indicated by Berenberg Bank

M&G PLC with ticker (LON:MNG) now has a potential upside of 12.1% according to Berenberg Bank.

MNG.L

Berenberg Bank set a target price of 225 GBX for the company, which when compared to the M&G PLC share price of 201 GBX at opening today (06/06/2024) indicates a potential upside of 12.1%. Trading has ranged between 182 (52 week low) and 241 (52 week high) with an average of 10,840,661 shares exchanging hands daily. The market capitalisation at the time of writing is £4,799,331,455.

M&G plc is a United Kingdom-based savings and investment company. The Company operates through four segments: Asset Management, Life, Wealth, and Corporate Centre. The Asset Management segment includes investment management capability, which is offered to both wholesale and institutional clients. The Asset Management segment also manages a significant proportion of Life and Wealth assets it manages. The Life segment operates in the savings and pensions market and includes corporate risk, individual and international solutions. The Wealth segment offers 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 (a combined individual pension and income drawdown product), individual pensions, individual savings accounts, collective investments, and a range of onshore and offshore bonds.