M&G plc (LON:MNG) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of M&G plc (LON:MNG) have received an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 282.83.

Several brokerages recently issued reports on MNG. JPMorgan Chase & Co. lifted their price objective on shares of M&G from GBX 305 to GBX 315 and gave the company an “overweight” rating in a report on Friday, November 7th. UBS Group downgraded M&G to a “neutral” rating and lifted their price target for the company from GBX 275 to GBX 290 in a report on Wednesday, December 17th. Berenberg Bank upgraded M&G to a “buy” rating and upped their price objective for the stock from GBX 225 to GBX 342 in a research note on Friday, October 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 265 price objective on shares of M&G in a research report on Monday, November 10th.

M&G Trading Up 0.2%

LON MNG opened at GBX 302 on Wednesday. M&G has a one year low of GBX 171.55 and a one year high of GBX 303. 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 company has a market capitalization of £7.16 billion, a price-to-earnings ratio of -120.80, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company’s 50-day simple moving average is GBX 280.30 and its two-hundred day simple moving average is GBX 267.10.

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.