M&G plc (LON:MNG) Stock Has Consensus Price Target of GBX 685

Key Points

• M&G has a consensus “Hold” rating from seven analysts: four holds and three buys, with an average 12-month price target of GBX 685.
• M&G shares opened at GBX 326.70, compared with a 52-week range of GBX 249.10 to GBX 367.10; the company’s market capitalization is approximately £7.78 billion.
• The company reported quarterly EPS of negative GBX 7.10, alongside a negative net margin of 0.44% and negative return on equity of 3.86%.

Shares of M&G plc (LON:MNG - Get Free Report) have been given a consensus rating of "Hold" by the seven analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 685.

A number of analysts have recently commented on MNG shares. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 335 price objective on shares of M&G in a research report on Wednesday, September 23rd. Citigroup increased their target price 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. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 215 price target on shares of M&G in a research note on Friday, September 4th.

M&G Price Performance

Shares of MNG opened at GBX 326.70 on Monday. The business's 50-day moving average is GBX 348.46 and its two-hundred day moving average is GBX 323.42. The company has a market capitalization of £7.78 billion, a P/E ratio of -68.06, a P/E/G ratio of -2.76 and a beta of 0.95. The company has a debt-to-equity ratio of 246.60, a quick ratio of 0.39 and a current ratio of 34.75. M&G has a fifty-two week low of GBX 249.10 and a fifty-two week high of GBX 367.10.

M&G (LON:MNG - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported GBX (7.10) earnings per share (EPS) for the quarter. M&G had a negative net margin of 0.44% and a negative return on equity of 3.86%. Research analysts predict that M&G will post 24.2485207 earnings per share 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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