M&G (LON:MNG) Rating Reiterated by Royal Bank of Canada

M&G (LON:MNG)‘s stock had its “sector perform” rating reaffirmed by Royal Bank of Canada in a research note issued on Wednesday, MarketBeat reports. They currently have a GBX 220 ($2.88) price target on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 7.90% from the company’s current price.

A number of other brokerages have also recently issued reports on MNG. Berenberg Bank reiterated a “hold” rating and set a GBX 225 ($2.94) price objective on shares of M&G in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 240 ($3.14) price objective on shares of M&G in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, M&G presently has an average rating of “Hold” and a consensus target price of GBX 223.33 ($2.92).

M&G Trading Up 0.7 %

MNG opened at GBX 203.90 ($2.67) on Wednesday. M&G has a one year low of GBX 188.85 ($2.47) and a one year high of GBX 241.10 ($3.15). The firm 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 business has a 50 day simple moving average of GBX 208.16 and a two-hundred day simple moving average of GBX 209.59. The company has a debt-to-equity ratio of 207.54, a current ratio of 1.17 and a quick ratio of 0.39.

Insider Buying and Selling

In related news, insider Edward Braham purchased 24,600 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were bought at an average cost of GBX 204 ($2.67) per share, with a total value of £50,184 ($65,625.74). 1.74% of the stock is currently owned by company insiders.

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.