M&G stock gained 0.90 percent as profit grew
Published on 10/05/2026 at 23:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
M&G (ISIN GB00BKFB1C65) closed at GBp 313.50 on the LSE on October 2, 2026, up 0.90 percent. The move followed first-half figures showing adjusted operating profit of GBP 435 million, up 15 percent year over year, according to Scottish Widows on September 3, 2026.
Profit growth meets a weaker bottom line
The operating result was driven by a 24 percent increase in asset management profit to GBP 159 million and 9 percent growth in the life unit to GBP 375 million, the same Scottish Widows report said.
The group also recorded GBP 2.4 billion of net inflows from open business in the first half of 2026. The result was offset at the statutory level by an IFRS loss after tax of GBP 165 million, compared with a GBP 248 million profit in the first half of 2025, after GBP 551 million of adverse short-term investment movements.
Citi lifts target to GBp 328
Citi analyst Alejandra Chavez raised the M&G price target to GBp 328 from GBp 295 and kept a Neutral rating on October 1, 2026, according to Markets Insider. The new target is GBp 14.5 above the October 2 closing price, a 4.6 percent premium.
A broader consensus remains more cautious. MarketScreener lists a Hold consensus from 12 analysts, with an average target of GBp 327.3 and a last close of GBp 329.0 in its September 23, 2026 market data.
Dividend date adds a near-term checkpoint
M&G declared an interim dividend of GBP 0.068 per share for the six months ended June 30, 2026, with payment scheduled for October 16, 2026, according to Simply Wall St. The company calendar also lists a Q3 2026 sales and revenue release for November 5, 2026.
Stock closed at GBp 313.50
M&G stock closed at GBp 313.50 on the LSE on October 2, 2026, up 0.90 percent. Its market capitalization stood at GBP 7.5 billion on October 5, 2026.
M&G stock key facts
- Company: M&G plc
- ISIN: GB00BKFB1C65
- Ticker: MNG.L
- Trading venue: LSE
- Closing price (October 2, 2026): GBp 313.50
- Market capitalization: GBP 7.5 billion (as of October 5, 2026)
- Sector / Industry: Financials / Life and health insurance
Upcoming dates for M&G stock
- October 16, 2026: Interim dividend payment
- November 5, 2026: Q3 2026 sales and revenue release
