M&G (MGPUF) to Post Quarterly Earnings on Wednesday

M&G (OTCMKTS:MGPUF) will likely be announcing its resultson Wednesday, August 12th. Analysts expect the company to post earnings of $0.1814 per share for the quarter.

M&G Price Performance

M&G stock opened at $4.68 on Wednesday. The company has a fifty day simple moving average of $4.39 and a 200-day simple moving average of $4.19. M&G has a 12-month low of $3.28 and a 12-month high of $4.77.

Analysts Set New Price Targets

Several equities analysts have issued reports on MGPUF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of M&G in a report on Wednesday, April 8th. The Goldman Sachs Group cut shares of M&G to a “neutral” rating in a report on Tuesday, April 21st. Finally, Citigroup restated a “neutral” rating on shares of M&G in a research note on Tuesday, June 9th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About M&G

M&G plc is a UK-based savings and investment business that was demerged from Prudential plc in October 2020. Tracing its roots back to the founding of Municipal & General Securities Company Limited in 1931, the firm has grown into a diversified provider of investment management and long-term savings and retirement solutions. Headquartered in London, M&G serves both retail and institutional clients through a broad network of distribution channels.

The company’s main activities are split between asset management and savings & insurance.