M&G’s (MNG) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of M&G (LON:MNG) in a research report released on Monday, MarketBeat Ratings reports. They currently have a GBX 342 price target on the stock.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group upped their price objective on shares of M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a report on Wednesday, January 21st. UBS Group downgraded M&G to a “neutral” rating and upped their price target for the stock from GBX 275 to GBX 290 in a research note on Wednesday, December 17th. JPMorgan Chase & Co. upped their target price on shares of M&G from GBX 305 to GBX 320 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 265 target price on shares of M&G in a research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 290.

M&G Trading Up 0.1%

Shares of MNG opened at GBX 310.30 on Monday. The firm has a 50 day moving average price of GBX 293.37 and a 200-day moving average price of GBX 272.74. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. M&G has a fifty-two week low of GBX 171.55 and a fifty-two week high of GBX 315.60. The firm has a market cap of £7.36 billion, a price-to-earnings ratio of -124.12, a PEG 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.