Berenberg Bank Reaffirms Buy Rating for M&G (LON:MNG)

M&G (LON:MNG)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report issued on Monday, MarketBeat.com reports. They currently have a GBX 342 price target on the stock. Berenberg Bank’s target price indicates a potential upside of 10.48% from the stock’s previous close.

A number of other analysts have also commented on MNG. UBS Group lowered M&G to a “neutral” rating and lifted their price target for the stock from GBX 275 to GBX 290 in a report on Wednesday, December 17th. JPMorgan Chase & Co. lifted their target price on M&G from GBX 305 to GBX 320 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group increased their price target on shares of M&G from GBX 300 to GBX 328 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 265 price objective on shares of M&G in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, M&G currently has a consensus rating of “Hold” and a consensus target price of GBX 290.

M&G Trading Down 0.1%

LON:MNG opened at GBX 309.56 on Monday. M&G has a 52 week low of GBX 171.55 and a 52 week high of GBX 315.60. The firm has a 50-day moving average price of GBX 292.60 and a two-hundred day moving average price of GBX 272.47. 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 firm has a market cap of £7.35 billion, a price-to-earnings ratio of -123.82, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47.

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. 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.