M&G (LON:MNG) Stock Keeps Buy Rating at Berenberg Bank

M&G (LON:MNG)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research note issued on Tuesday, London Stock Exchange reports. They currently have a GBX 370 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 20.36% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 335 target price on shares of M&G in a research report on Wednesday, September 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 215 price target on shares of M&G in a report on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 689.

M&G Trading Down 1.0%

MNG stock opened at GBX 307.40 on Tuesday. The company has a market capitalization of £7.32 billion, a PE ratio of -64.04, a P/E/G ratio of -2.76 and a beta of 0.97. M&G has a 12 month low of GBX 254.20 and a 12 month high of GBX 367.10. The firm’s 50-day moving average is GBX 334.04 and its 200 day moving average is GBX 326.44. The company has a debt-to-equity ratio of 246.60, a current ratio of 34.75 and a quick ratio of 0.39.

M&G (LON:MNG) last released its quarterly earnings data on Thursday, September 3rd. The company reported GBX (7.10) earnings per share (EPS) for the quarter. M&G had a negative net margin of 0.44% and a negative return on equity of 3.86%. On average, research analysts anticipate that M&G will post 24.25 EPS for the current year.

About M&G

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.

We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa. M&G Investments manages assets for clients globally.

With roots stretching back more than 170 years, we have a long history of finding innovative solutions for our customers’ changing needs.