M&G (LON:MNG) Stock Keeps “Buy” Rating at Berenberg Bank

M&G (LON:MNG)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a report released on Tuesday, Marketbeat Ratings reports. They presently have a GBX 370 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 19.55% from the company’s previous close.

A number of other research firms also recently weighed in on MNG. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 335 target price on shares of M&G in a report on Wednesday, September 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 215 target price on shares of M&G in a 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. Based on data from MarketBeat, M&G currently has an average rating of “Hold” and a consensus price target of GBX 689.

M&G Stock Down 0.3%

Shares of LON:MNG traded down GBX 0.90 during mid-day trading on Tuesday, reaching GBX 309.50. 4,281,319 shares of the stock were exchanged, compared to its average volume of 33,019,098. The company has a quick ratio of 0.39, a current ratio of 34.75 and a debt-to-equity ratio of 246.60. The company has a market cap 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. M&G has a one year low of GBX 254.20 and a one year high of GBX 367.10. The stock’s 50 day simple moving average is GBX 333.22 and its 200-day simple moving average is GBX 326.61.

M&G (LON:MNG) last issued its quarterly earnings results on Thursday, September 3rd. The company reported GBX (7.10) 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 research analysts predict that M&G will post 24.25 EPS for the current 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.