M&G plc (LON:MNG) Stock Has Consensus Price Target of GBX 689 According to Analysts

Key Points

• Analysts maintain a consensus “Hold” rating on M&G, with four holds and three buys among seven covering firms. The average 12-month price target is GBX 689.
• M&G shares opened at GBX 312.30, within a 52-week range of GBX 259.30 to GBX 367.10, and below both their 50-day and 200-day moving averages.
• The company reported quarterly EPS of negative GBX 7.10, alongside a negative return on equity of 3.86% and a negative net margin of 0.44%; analysts expect full-year EPS of GBX 24.25.

Shares of M&G plc (LON:MNG - Get Free Report) have been given an average rating of "Hold" by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 689.

MNG has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 335 price objective on shares of M&G in a report on Wednesday, September 23rd. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 370 target price on shares of M&G in a report on Tuesday. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 215 target price on shares of M&G in a research report on Friday, September 4th.

M&G Price Performance

M&G stock opened at GBX 312.30 on Friday. The business has a 50 day simple moving average of GBX 331.64 and a 200 day simple moving average of GBX 327.01. 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 company has a market capitalization of £7.44 billion, a PE ratio of -65.06, a price-to-earnings-growth ratio of -2.76 and a beta of 0.97. M&G has a one year low of GBX 259.30 and a one year high of GBX 367.10.

M&G (LON:MNG - Get Free Report) last released 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 return on equity of 3.86% and a negative net margin of 0.44%. On average, sell-side analysts forecast that M&G will post 24.25 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.

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