M&G (LON:MNG) Given “Buy” Rating at Berenberg Bank

M&G (LON:MNG)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Tuesday, London Stock Exchange reports. They presently have a GBX 370 target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 20.05% from the stock’s previous close.

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

M&G Trading Down 0.7%

Shares of MNG opened at GBX 308.20 on Tuesday. The stock has a fifty day moving average price of GBX 334.04 and a two-hundred day moving average price of GBX 326.44. The company has a debt-to-equity ratio of 246.60, a quick ratio of 0.39 and a current ratio of 34.75. M&G has a 52-week low of GBX 254.20 and a 52-week high of GBX 367.10. The company has a market cap of £7.34 billion, a price-to-earnings ratio of -64.21, a PEG ratio of -2.76 and a beta of 0.97.

M&G (LON:MNG) last posted its quarterly earnings data on Thursday, September 3rd. The company reported GBX (7.10) EPS for the quarter. M&G had a negative return on equity of 3.86% and a negative net margin of 0.44%. Analysts predict that M&G will post 24.25 EPS for the current fiscal year.

M&G Company Profile

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.