M&G (LON:MNG) Given Buy Rating at Jefferies Financial Group

Key Points

• Jefferies Financial Group reaffirmed its “buy” rating on M&G and set a GBX 215 price target, implying approximately 39% downside from the prior close.
• Analyst sentiment is mixed: three analysts rate M&G a buy and four rate it a hold, resulting in an overall “Hold” consensus.
• M&G shares opened at GBX 353.30, while the company reported quarterly earnings of GBX (7.10) per share and a 1.73% net margin.

M&G (LON:MNG - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Jefferies Financial Group in a report released on Friday, Digital Look reports. They presently have a GBX 215 price objective on the stock. Jefferies Financial Group's price target would suggest a potential downside of 39.15% from the stock's previous close.

Several other brokerages also recently commented on MNG. JPMorgan Chase & Co. upped their price objective on M&G from GBX 315 to GBX 325 and gave the company a "neutral" rating in a research report on Friday, May 8th. Citigroup lifted their target price on M&G from GBX 2,880 to GBX 2,950 and gave the stock a "neutral" rating in a research report on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of GBX 677.86.

M&G Trading Up 0.6%

MNG opened at GBX 353.30 on Friday. The stock has a market cap of £8.42 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of -2.76 and a beta of 0.95. The stock's 50 day moving average price is GBX 350.40 and its 200-day moving average price is GBX 320.62. M&G has a one year low of GBX 248.60 and a one year high of GBX 367.10. The company has a debt-to-equity ratio of 220.41, a quick ratio of 0.39 and a current ratio of 1.92.

M&G (LON:MNG - Get Free Report) 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 return on equity of 9.49% and a net margin of 1.73%. On average, equities analysts forecast that M&G will post 24.2485207 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.

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