M&G (LON:MNG) Raised to "Buy" at Berenberg Bank

Key Points

• M&G was upgraded to a "Buy" rating by Berenberg Bank, raising its price target from GBX 225 to GBX 342, indicating a potential upside of 31.08% from the stock's previous close.
• Other analysts have also increased their price targets on M&G, with JPMorgan Chase raising theirs from GBX 290 to GBX 305 and UBS maintaining a "buy" rating with a target of GBX 275.
• The stock's current consensus rating is "Moderate Buy", with a consensus price target of GBX 278.67 among six analysts.

M&G (LON:MNG - Get Free Report) was upgraded by research analysts at Berenberg Bank to a "buy" rating in a note issued to investors on Friday,Digital Look reports. The brokerage currently has a GBX 342 price target on the stock, up from their previous price target of GBX 225. Berenberg Bank's target price would indicate a potential upside of 31.08% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. boosted 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. UBS Group restated a "buy" rating and set a GBX 275 target price on shares of M&G in a research note on Friday, August 15th. Royal Bank Of Canada boosted their target price on M&G from GBX 240 to GBX 265 and gave the stock a "sector perform" rating in a research note on Tuesday, September 9th. Finally, Citigroup boosted their target price on M&G from GBX 214 to GBX 260 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 278.67.

M&G Trading Up 2.4%

Shares of MNG stock opened at GBX 260.90 on Friday. The stock's fifty day moving average is GBX 258.67 and its two-hundred day moving average is GBX 239.47. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. The firm has a market capitalization of £6.18 billion, a P/E ratio of -10,436.00, a PEG ratio of -2.76 and a beta of 1.47. M&G has a fifty-two week low of GBX 171.55 and a fifty-two week high of GBX 279.

M&G (LON:MNG - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported GBX 10.10 EPS for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. Research analysts expect that M&G will post 24.2485207 earnings per share for the current fiscal 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.

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