M&G’s (MNG) Sector perform Rating Reaffirmed at Royal Bank Of Canada

M&G (LON:MNG)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, September 23rd, Digital Look reports. They currently have a GBX 335 price target on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 4.49% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Citigroup boosted their price objective on shares of M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 215 target price on shares of M&G in a research report on Friday, September 4th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 685.

M&G Stock Performance

Shares of LON:MNG traded down GBX 4 during trading on Wednesday, hitting GBX 320.60. The company’s stock had a trading volume of 286,600,469 shares, compared to its average volume of 36,559,152. The company has a 50-day moving average of GBX 347.51 and a 200-day moving average of GBX 323.76. M&G has a 12 month low of GBX 249.40 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 firm has a market cap of £7.64 billion, a price-to-earnings ratio of -66.79, a P/E/G ratio of -2.76 and a beta of 0.95.

M&G (LON:MNG) last announced its earnings results 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, sell-side analysts expect that M&G will post 24.2485207 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.