M&G (LON:MNG) Given Buy Rating at Jefferies Financial Group

M&G (LON:MNG)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a research note issued on Friday, Digital Look reports. They currently have a GBX 215 target price on the stock. Jefferies Financial Group’s price target indicates a potential downside of 39.15% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of M&G from GBX 315 to GBX 325 and gave the company a “neutral” rating in a research report on Friday, May 8th. Citigroup upped their price target on shares of M&G from GBX 2,880 to GBX 2,950 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, M&G presently has an average rating of “Hold” and an average price target of GBX 677.86.

M&G Price Performance

MNG opened at GBX 353.30 on Friday. The company has a market capitalization of £8.42 billion, a price-to-earnings ratio of 28.72, a PEG ratio of -2.76 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 0.39 and a debt-to-equity ratio of 220.41. M&G has a 12-month low of GBX 248.60 and a 12-month high of GBX 367.10. The business’s fifty day simple moving average is GBX 350.40 and its 200-day simple moving average is GBX 320.62.

M&G (LON:MNG) last released its quarterly earnings data on Thursday, September 3rd. The company reported GBX (7.10) earnings per share for the quarter. M&G had a net margin of 1.73% and a return on equity of 9.49%. On average, equities research analysts anticipate that M&G will post 24.2485207 earnings per share for the current fiscal 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. 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.