M&G plc (LON:MNG) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• M&G plc has received an average recommendation of "Moderate Buy" from six analysts, with three holding and three buying the stock.
• The average twelve-month price target for M&G among analysts is GBX 278.67, with notable target price upgrades from several brokerages, including JPMorgan and Berenberg.
• As of recent trading, M&G shares reached GBX 261.50, and the company reported earnings of GBX 10.10 per share for the last quarter.

M&G plc (LON:MNG - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 278.67.

A number of brokerages have weighed in on MNG. JPMorgan Chase & Co. upped their target price on M&G from GBX 290 to GBX 305 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Berenberg Bank raised shares of M&G to a "buy" rating and increased their price target for the stock from GBX 225 to GBX 342 in a report on Friday. Citigroup increased their price target 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. Royal Bank Of Canada increased their target price on M&G from GBX 240 to GBX 265 and gave the company a "sector perform" rating in a research note on Tuesday, September 9th. Finally, UBS Group reissued a "buy" rating and issued a GBX 275 target price on shares of M&G in a research note on Friday, August 15th.

M&G Stock Performance

Shares of LON MNG traded up GBX 6.60 during mid-day trading on Monday, reaching GBX 261.50. 26,264,699 shares of the company's stock were exchanged, compared to its average volume of 18,890,773. 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 £6.19 billion, a price-to-earnings ratio of -10,460.00, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The firm has a 50-day moving average price of GBX 258.67 and a two-hundred day moving average price of GBX 239.47. M&G has a 52 week low of GBX 171.55 and a 52 week high of GBX 279.

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

M&G Company Profile

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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