M&G plc (LON:MNG) Given Average Rating of “Moderate Buy” by Brokerages

M&G plc (LON:MNG) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 280.33.

Several equities research analysts have weighed in on MNG shares. UBS Group reissued a “buy” rating and issued a GBX 275 price target on shares of M&G in a report on Friday, August 15th. Berenberg Bank upgraded shares of M&G to a “buy” rating and lifted their target price for the stock from GBX 225 to GBX 342 in a research note on Friday, October 10th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 265 price objective on shares of M&G in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. upped their target price on M&G from GBX 305 to GBX 315 and gave the company an “overweight” rating in a research report on Friday, November 7th.

M&G Stock Performance

Shares of MNG stock opened at GBX 274.90 on Tuesday. M&G has a 12-month low of GBX 171.55 and a 12-month high of GBX 279.09. The business’s fifty day simple moving average is GBX 263.83 and its 200-day simple moving average is GBX 257.76. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70. The company has a market cap of £6.52 billion, a PE ratio of -109.96, a PEG ratio of -2.76 and a beta of 1.47.

M&G (LON:MNG) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported GBX 10.10 earnings per share for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. Analysts expect that M&G will post 24.2485207 earnings per share for the current fiscal year.

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.