Berenberg Bank Reiterates Hold Rating for M&G (LON:MNG)

M&G (LON:MNG)‘s stock had its “hold” rating reissued by research analysts at Berenberg Bank in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 225 ($2.96) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 9.12% from the stock’s previous close.

Separately, Royal Bank of Canada decreased their target price on M&G from GBX 220 ($2.89) to GBX 215 ($2.83) and set a “sector perform” rating for the company in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 222.50 ($2.93).

M&G Stock Performance

Shares of MNG opened at GBX 206.20 ($2.71) on Thursday. The company has a 50-day simple moving average of GBX 208.02 and a two-hundred day simple moving average of GBX 210.11. The company has a debt-to-equity ratio of 207.54, a current ratio of 1.17 and a quick ratio of 0.39. The firm has a market capitalization of £4.91 billion, a PE ratio of 1,718.33, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. M&G has a one year low of GBX 188.65 ($2.48) and a one year high of GBX 241.10 ($3.17).

Insider Activity

In related news, insider Edward Braham purchased 24,600 shares of the company’s stock in a transaction dated Wednesday, June 19th. The shares were purchased at an average cost of GBX 204 ($2.68) per share, with a total value of £50,184 ($65,988.17). Company insiders own 1.74% of the company’s stock.

M&G Company Profile

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.