Royal Bank of Canada Cuts M&G (LON:MNG) Price Target to GBX 215

M&G (LON:MNG - Get Free Report) had its target price reduced by Royal Bank of Canada from GBX 220 ($2.76) to GBX 215 ($2.70) in a research report issued on Wednesday, MarketBeat.com reports. The firm presently has a "sector perform" rating on the stock. Royal Bank of Canada's price objective indicates a potential upside of 3.70% from the stock's current price.

Several other equities research analysts have also issued reports on MNG. Barclays reiterated an "underweight" rating and issued a GBX 205 ($2.57) price target on shares of M&G in a research note on Tuesday, February 20th. JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 225 ($2.83) price target on shares of M&G in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 225 ($2.83) price objective on shares of M&G in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 221.33 ($2.78).

M&G Stock Up 0.3 %

M&G stock traded up GBX 0.53 ($0.01) during midday trading on Wednesday, reaching GBX 207.33 ($2.60). The stock had a trading volume of 5,127,638 shares, compared to its average volume of 6,401,049. M&G has a 1-year low of GBX 181.55 ($2.28) and a 1-year high of GBX 241.10 ($3.03). The company has a debt-to-equity ratio of 207.54, a quick ratio of 0.39 and a current ratio of 2.52. The firm's fifty day simple moving average is GBX 213.50 and its 200-day simple moving average is GBX 215.67. The stock has a market capitalization of £4.91 billion, a P/E ratio of 1,727.73, a price-to-earnings-growth ratio of -2.76 and a beta of 1.49.

M&G Company Profile

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through three segments: Asset Management, Life, and Wealth. It offers retirement, savings, and investment management solutions. The company also provides individual and corporate pensions, retirement, annuities, life, savings, and investment products, such as equities, fixed income, multi-asset and real estate.