M&G (LON:MNG) Receives Sector perform Rating from Royal Bank Of Canada

M&G (LON:MNG)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank Of Canada in a research report issued on Monday, Marketbeat reports. They presently have a GBX 265 price objective on the stock. Royal Bank Of Canada’s target price suggests a potential downside of 1.23% from the company’s previous close.

Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. boosted their price objective on M&G from GBX 305 to GBX 315 and gave the stock an “overweight” rating in a research note on Friday. Citigroup lifted their price target on M&G from GBX 214 to GBX 260 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Berenberg Bank raised M&G to a “buy” rating and increased their price objective for the company from GBX 225 to GBX 342 in a research note on Friday, October 10th. Finally, UBS Group restated a “buy” rating and issued a GBX 275 price objective on shares of M&G in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 280.33.

M&G Stock Performance

LON:MNG opened at GBX 268.30 on Monday. 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 £6.35 billion, a PE ratio of -107.32, a P/E/G ratio of -2.76 and a beta of 1.47. M&G has a fifty-two week low of GBX 171.55 and a fifty-two week high of GBX 279. The company has a fifty day moving average of GBX 258.46 and a two-hundred day moving average of GBX 250.20.

M&G (LON:MNG) last released its earnings results on Wednesday, September 3rd. The company reported GBX 10.10 EPS for the quarter. M&G had a net margin of 1.85% and a return on equity of 4.31%. As a group, research analysts forecast 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.