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

M&G (LON:MNG)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research note issued to investors on Tuesday, October 20th, MarketBeat Ratings reports. They presently have a GBX 370 target price on the stock. Berenberg Bank‘s price target would suggest a potential upside of 16.21% from the stock’s current price.

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

M&G Stock Performance

Shares of MNG stock traded up GBX 2 during mid-day trading on Tuesday, reaching GBX 318.40. The stock had a trading volume of 5,142,229 shares, compared to its average volume of 34,062,113. The firm’s 50 day simple moving average is GBX 330.72 and its 200 day simple moving average is GBX 318.80. The company has a quick ratio of 0.39, a current ratio of 34.75 and a debt-to-equity ratio of 246.60. The firm has a market cap of £7.59 billion, a PE ratio of -66.33, a P/E/G ratio of -2.76 and a beta of 0.97. M&G has a one year low of GBX 259.30 and a one year high of GBX 367.10.

M&G (LON:MNG) last issued its earnings results 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%. On average, analysts forecast that M&G will post 24.25 EPS for the current 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.