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

M&G (LON:MNG)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 370 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 19.55% from the company’s current price.

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

M&G Price Performance

Shares of LON MNG opened at GBX 309.50 on Tuesday. The firm’s 50-day moving average price is GBX 333.22 and its 200-day moving average price is GBX 326.61. M&G has a 1-year low of GBX 254.20 and a 1-year high of GBX 367.10. The firm has a market capitalization of £7.37 billion, a P/E ratio of -64.48, a P/E/G ratio of -2.76 and a beta of 0.97. The company has a current ratio of 34.75, a quick ratio of 0.39 and a debt-to-equity ratio of 246.60.

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

About M&G

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.