Berenberg Bank Reaffirms “Buy” Rating for M&G (LON:MNG)

M&G (LON:MNG)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, MarketBeat reports. They currently have a GBX 370 target price on the stock. Berenberg Bank‘s price target points to a potential upside of 18.48% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 215 price objective on shares of M&G in a report on Friday, September 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 335 target price on shares of M&G in a report on Wednesday, September 23rd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, M&G currently has an average rating of “Hold” and an average price target of GBX 689.

M&G Trading Down 0.4%

LON MNG opened at GBX 312.30 on Tuesday. The firm’s 50-day moving average is GBX 331.64 and its two-hundred day moving average is GBX 327.01. M&G has a 12 month low of GBX 259.30 and a 12 month high of GBX 367.10. 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 stock has a market capitalization of £7.44 billion, a P/E ratio of -65.06, a PEG ratio of -2.76 and a beta of 0.97.

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 return on equity of 3.86% and a negative net margin of 0.44%. On average, sell-side analysts anticipate that M&G will post 24.25 earnings per share 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.