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

Berenberg Bank reaffirmed their buy rating on shares of M&G (LON:MNG) in a report published on Monday morning, Marketbeat reports. The brokerage currently has a GBX 342 target price on the stock.

MNG has been the subject of a number of other research reports. UBS Group cut 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. 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. The Goldman Sachs Group boosted their target price on M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. increased their price target on M&G from GBX 305 to GBX 320 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 290.

M&G Stock Performance

Shares of MNG opened at GBX 309.30 on Monday. The firm has a 50-day moving average of GBX 291.85 and a 200-day moving average of GBX 272.11. M&G has a one year low of GBX 171.55 and a one year high of GBX 315.60. The company has a market cap of £7.34 billion, a PE ratio of -123.72, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39.

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.