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

M&G (LON:MNG)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 335 price objective on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 1.18% from the company’s current price.

Several other brokerages also recently issued reports on MNG. Citigroup upped their target price on shares of M&G from GBX 2,880 to GBX 2,950 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Jefferies Financial Group reissued a “buy” rating and set a GBX 215 price target on shares of M&G in a research report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 685.

M&G Price Performance

Shares of LON:MNG opened at GBX 331.10 on Wednesday. M&G has a 1-year low of GBX 248.60 and a 1-year 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 business has a fifty day moving average price of GBX 349.98 and a 200-day moving average price of GBX 322.89. The company has a market capitalization of £7.89 billion, a PE ratio of -68.98, a PEG ratio of -2.76 and a beta of 0.95.

M&G (LON:MNG) last announced its quarterly earnings results 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%. As a group, equities analysts expect that M&G will post 24.2485207 EPS for the current fiscal 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.