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

M&G plc (LON:MNG) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 689.

Several brokerages recently commented on MNG. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 335 price objective on shares of M&G in a research report on Wednesday, September 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 215 price objective on shares of M&G in a report on Friday, September 4th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 370 price target on shares of M&G in a research report on Tuesday, October 20th.

M&G Trading Down 0.1%

M&G stock opened at GBX 312.30 on Friday. The company has a debt-to-equity ratio of 246.60, a quick ratio of 0.39 and a current ratio of 34.75. The stock has a market cap of £7.44 billion, a PE ratio of -65.06, a price-to-earnings-growth ratio of -2.76 and a beta of 0.97. The stock has a 50-day moving average of GBX 330.73 and a two-hundred day moving average of GBX 327.21. 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 quarterly 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, research analysts anticipate that M&G will post 24.25 EPS 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.