M&G’s (MNG) “Buy” Rating Reaffirmed at Berenberg Bank

M&G (LON:MNG)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued to clients and investors on Monday,London Stock Exchange reports. They currently have a GBX 342 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 10.57% from the stock’s previous close.

A number of other research firms have also weighed in on MNG. UBS Group lowered shares of M&G to a “neutral” rating and increased their price objective for the stock from GBX 275 to GBX 290 in a research report on Wednesday, December 17th. JPMorgan Chase & Co. increased their target price on M&G from GBX 305 to GBX 320 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group raised their price target on shares of M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 265 price objective on shares of M&G in a report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, M&G currently has an average rating of “Hold” and a consensus target price of GBX 290.

M&G Trading Up 0.7%

Shares of MNG opened at GBX 309.30 on Monday. The company’s fifty day moving average is GBX 291.08 and its 200 day moving average is GBX 271.77. M&G has a fifty-two week low of GBX 171.55 and a fifty-two week high of GBX 315.60. 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 stock has a market capitalization of £7.34 billion, a PE ratio of -123.72, a P/E/G ratio of -2.76 and a beta of 1.47.

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. M&G Investments manages assets for clients globally.

With roots stretching back more than 170 years, we have a long history of finding innovative solutions for our customers’ changing needs.