M&G plc (LON:MNG) Stock Has Consensus Target Price of GBX 689 According to Brokerages

M&G plc (LON:MNG) has earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 689.

MNG has been the subject of a number of analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 370 price target on shares of M&G in a report on Tuesday, October 20th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 335 price objective on shares of M&G in a research note on Wednesday, September 23rd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 215 price objective on shares of M&G in a report on Friday, September 4th.

M&G Stock Performance

LON:MNG opened at GBX 318.30 on Friday. The company has a debt-to-equity ratio of 246.60, a current ratio of 34.75 and a quick ratio of 0.39. The firm has a 50-day moving average of GBX 329.10 and a two-hundred day moving average of GBX 319. The stock has a market cap of £7.58 billion, a P/E ratio of -66.31, a PEG ratio of -2.76 and a beta of 0.97. M&G has a 1-year low of GBX 259.30 and a 1-year high of GBX 367.10.

M&G (LON:MNG) last announced its earnings results on Thursday, September 3rd. The company reported GBX (7.10) earnings per share 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 expect that M&G will post 24.25 earnings per share 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.