M&G (LON:MNG) Given Hold Rating at Berenberg Bank

M&G (LON:MNG - Get Free Report)'s stock had its "hold" rating restated by stock analysts at Berenberg Bank in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have a GBX 225 ($2.83) price objective on the stock. Berenberg Bank's target price points to a potential upside of 9.49% from the stock's current price.

Other analysts also recently issued reports about the stock. Royal Bank of Canada reduced their target price on shares of M&G from GBX 220 ($2.76) to GBX 215 ($2.70) and set a "sector perform" rating on the stock in a report on Wednesday. Barclays reissued an "underweight" rating and set a GBX 205 ($2.57) price objective on shares of M&G in a research note on Tuesday, February 20th. Jefferies Financial Group restated a "buy" rating and set a GBX 225 ($2.83) price objective on shares of M&G in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a GBX 225 ($2.83) target price on shares of M&G in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of GBX 224.17 ($2.82).

M&G Price Performance

MNG traded down GBX 1.90 ($0.02) during trading hours on Friday, hitting GBX 205.50 ($2.58). The company's stock had a trading volume of 5,666,613 shares, compared to its average volume of 7,571,125. The stock has a market cap of £4.87 billion, a price-to-earnings ratio of 1,712.50, a P/E/G ratio of -2.76 and a beta of 1.49. The business's 50-day moving average price is GBX 212.07 and its 200-day moving average price is GBX 215.61. The company has a current ratio of 2.52, a quick ratio of 0.39 and a debt-to-equity ratio of 207.54. M&G has a 12 month low of GBX 181.55 ($2.28) and a 12 month high of GBX 241.10 ($3.03).

About M&G

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.