M&G’s (MNG) Sector perform Rating Reiterated at Royal Bank of Canada

M&G (LON:MNG)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank of Canada in a research note issued on Wednesday, Marketbeat.com reports. They presently have a GBX 220 ($2.88) target price on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 7.90% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 240 ($3.14) target price on shares of M&G in a report on Thursday, September 5th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 225 ($2.94) price objective on shares of M&G in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, M&G has a consensus rating of “Hold” and an average target price of GBX 223.33 ($2.92).

M&G Trading Up 0.7 %

Shares of MNG stock opened at GBX 203.90 ($2.67) on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.39 and a debt-to-equity ratio of 207.54. The company has a market capitalization of £4.85 billion, a price-to-earnings ratio of 1,699.17, a PEG ratio of -2.76 and a beta of 1.47. The firm has a 50-day moving average price of GBX 208.16 and a 200 day moving average price of GBX 209.59. M&G has a twelve month low of GBX 188.85 ($2.47) and a twelve month high of GBX 241.10 ($3.15).

Insiders Place Their Bets

In related news, insider Edward Braham bought 24,600 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was bought at an average cost of GBX 204 ($2.67) per share, with a total value of £50,184 ($65,625.74). 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.