M&G (LON:MNG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada raised its price target for M&G from GBX 240 to GBX 265, suggesting a potential upside of 3.31% from the stock's previous close.
• M&G currently has a consensus rating of "Hold" among analysts, with two recommending a "Buy" and three suggesting a "Hold".
• The company's stock is down 0.3% as of Tuesday, with a current share price of GBX 256.50.

M&G (LON:MNG - Get Free Report) had its price objective lifted by stock analysts at Royal Bank Of Canada from GBX 240 to GBX 265 in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 4.22% from the company's current price.

MNG has been the subject of several other reports. Citigroup upped their price objective on M&G from GBX 214 to GBX 260 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price objective on M&G from GBX 290 to GBX 305 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, UBS Group reaffirmed a "buy" rating and set a GBX 275 price objective on shares of M&G in a research report on Friday, August 15th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, M&G currently has a consensus rating of "Hold" and an average price target of GBX 266.

M&G Trading Up 0.4%

Shares of MNG stock traded up GBX 1.07 on Tuesday, hitting GBX 254.27. The stock had a trading volume of 3,547,744 shares, compared to its average volume of 20,155,574. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39. The firm has a market capitalization of £6.02 billion, a P/E ratio of -1,683.91, a P/E/G ratio of -2.76 and a beta of 1.47. M&G has a 1 year low of GBX 171.55 and a 1 year high of GBX 279. The company's 50 day moving average price is GBX 260.45 and its 200-day moving average price is GBX 234.01.

M&G (LON:MNG - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported GBX 10.10 earnings per share for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. Analysts anticipate 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.