Citi raises target for M&G stock to GBp 328.00

Published on 10/06/2026 at 09:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted operating profit rose 15.00 percent to GBP 435 million in the first half of 2026. M&G stock costs EUR 3.68 on October 6, 2026 after EUR 3.75.

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M&G (ISIN GB00BKFB1C65) stock was trading at EUR 3.68 at Lang & Schwarz on October 6, 2026 at 9:20 a.m. CEST, down 1.87 percent versus the prior close of EUR 3.75. According to Markets Insider on October 1, 2026, Citi analyst Alejandra Chavez raised the price target from GBp 295.00 to GBp 328.00 and kept a Neutral rating.

Target rises as profits improve

The target revision followed M&G's first-half results, which showed adjusted operating profit up 15.00 percent to GBP 435 million. The comparison is material because the increase came alongside a statutory loss after tax of GBP 165 million, versus a GBP 248 million profit in the first half of 2025.

Scottish Widows reported on September 3, 2026, that adjusted operating profit in asset management rose 24.00 percent to GBP 159 million, while the life division increased profit 9.00 percent to GBP 375 million. Net inflows from open business reached GBP 2.4 billion in the first half of fiscal 2026.

Inflows support the asset strategy

The earnings mix gives Citi's target move a measurable operating base. Asset management recurring revenues reached GBP 565 million in the first half, while the business also recorded GBP 1.7 billion of bulk purchase annuity flows by the end of August, according to the same results report.

Funds Society reported on September 29, 2026, that M&G's open-business inflows totaled GBP 2.4 billion and that 80.00 percent of adjusted operating profit came from capital-light earnings. Management also reiterated a target of at least 5.00 percent average annual pre-tax adjusted operating profit growth for 2025 through 2027.

Stock sits below its yearly high

M&G is listed on the LSE under ticker MNG and is a FTSE 100 company. Its primary-exchange quote was GBp 311.90 on October 6, 2026 at 7:28 a.m. BST, down 0.54 percent from GBp 313.60, while the 52-week range stood at GBp 202.60 to GBp 367.10. The Lang & Schwarz euro quote therefore reflects a separate German trading reference and should not be combined with the LSE percentage.

M&G had a market capitalization of GBP 7.4 billion as of October 6, 2026. The combination of higher adjusted operating profit and a statutory loss leaves capital-light earnings growth as the central issue behind the revised Citi target.