M&G plc (LON:MNG) Given Consensus Recommendation of “Hold” by Analysts

M&G plc (LON:MNG) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 290.

Several research firms recently issued reports on MNG. The Goldman Sachs Group upped their price target on M&G from GBX 300 to GBX 328 and gave the company a “buy” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price target on shares of M&G from GBX 305 to GBX 320 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. UBS Group downgraded shares of M&G to a “neutral” rating and boosted their price objective for the company from GBX 275 to GBX 290 in a research report on Wednesday, December 17th. Berenberg Bank reiterated a “buy” rating and set a GBX 342 price objective on shares of M&G in a research note on Monday, February 9th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 265 target price on shares of M&G in a report on Monday, November 10th.

M&G Stock Down 0.1%

LON:MNG opened at GBX 311 on Friday. 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 £7.38 billion, a price-to-earnings ratio of -124.40, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. M&G has a one year low of GBX 171.55 and a one year high of GBX 315.60. The stock has a 50-day simple moving average of GBX 294.83 and a 200 day simple moving average of GBX 273.49.

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.