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

M&G plc (LON:MNG) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 223.33 ($2.81).

Several analysts have recently commented on MNG shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of M&G in a research note on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 220 ($2.77) target price on shares of M&G in a research note on Wednesday, September 11th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 225 ($2.83) price target on shares of M&G in a research note on Thursday, September 5th.

M&G Price Performance

M&G stock opened at GBX 195.05 ($2.45) on Friday. M&G has a 52 week low of GBX 192.43 ($2.42) and a 52 week high of GBX 241.10 ($3.03). The firm has a market cap of £4.64 billion, a P/E ratio of 2,786.43, a P/E/G ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 228.54, a quick ratio of 0.39 and a current ratio of 1.23. The business’s fifty day moving average is GBX 200.15 and its two-hundred day moving average is GBX 204.44.

About M&G

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through three segments: Asset Management, Life, and Wealth. It offers retirement, savings, and investment management solutions. The company also provides individual and corporate pensions, retirement, annuities, life, savings, and investment products, such as equities, fixed income, multi-asset and real estate.