M&G (LON:MNG) Given Sector perform Rating at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “sector perform” rating on M&G and set a GBX 335 price target, implying approximately 1.18% upside from the current price.
• Analyst sentiment remains mixed, with three Buy ratings and four Hold ratings; the consensus rating is Hold, with an average price target of GBX 685.
• M&G shares opened at GBX 331.10 and have traded between GBX 248.60 and GBX 367.10 over the past year. The company recently reported quarterly EPS of negative GBX 7.10 and negative return on equity and net margin.

M&G (LON:MNG - Get Free Report)'s stock had its "sector perform" rating reissued by research analysts at Royal Bank Of Canada in a report released on Wednesday, Digital Look reports. They presently have a GBX 335 price target on the stock. Royal Bank Of Canada's price target indicates a potential upside of 1.18% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group reiterated a "buy" rating and set a GBX 215 price target on shares of M&G in a research report on Friday, September 4th. Citigroup lifted their price objective on M&G from GBX 2,880 to GBX 2,950 and gave the company a "neutral" rating in a research report on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of GBX 685.

M&G Stock Up 0.1%

MNG opened at GBX 331.10 on Wednesday. M&G has a 12 month low of GBX 248.60 and a 12 month high of GBX 367.10. The company has a current ratio of 34.75, a quick ratio of 0.39 and a debt-to-equity ratio of 246.60. The business's 50-day moving average price is GBX 349.98 and its 200-day moving average price is GBX 322.89. The company has a market cap of £7.89 billion, a P/E ratio of -68.98, a P/E/G ratio of -2.76 and a beta of 0.95.

M&G (LON:MNG - Get Free Report) last posted 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%. On average, equities analysts expect 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.