M&G (LON:MNG) Releases Quarterly Earnings Results

Key Points

• M&G reported a quarterly earnings per share (EPS) of GBX 10.10, with a return on equity of 4.31% and a net margin of 1.85%.
• The company experienced a 0.9% decline in share price, with current trading at GBX 254.40 and a market capitalization of £6.02 billion.
• Analysts have varied expectations for M&G, with target prices ranging from GBX 240 to GBX 305, leading to an average rating of "Hold" for the stock.

M&G (LON:MNG - Get Free Report) released its quarterly earnings data on Wednesday. The company reported GBX 10.10 EPS for the quarter, Digital Look Earnings reports. M&G had a net margin of 1.85% and a return on equity of 4.31%.

M&G Trading Down 1.0%

LON:MNG traded down GBX 2.50 on Monday, reaching GBX 257.30. 4,495,654 shares of the company's stock were exchanged, compared to its average volume of 20,503,461. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 218.70. The firm has a market capitalization of £6.09 billion, a price-to-earnings ratio of -1,703.97, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The business has a fifty day moving average of GBX 260.45 and a 200-day moving average of GBX 232.56. M&G has a 52-week low of GBX 171.55 and a 52-week high of GBX 279.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of M&G from GBX 225 to GBX 240 and gave the stock a "sector perform" rating in a research report on Thursday, July 24th. Citigroup lifted their target price on shares of M&G from GBX 214 to GBX 260 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. UBS Group reiterated a "buy" rating and issued a GBX 275 price target on shares of M&G in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. increased their target price on shares of M&G from GBX 290 to GBX 305 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 261.

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.