Royal Bank of Canada Reaffirms Sector perform Rating for M&G (LON:MNG)

M&G (LON:MNG)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank of Canada in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 220 ($2.88) target price on the stock. Royal Bank of Canada’s price target suggests a potential upside of 5.21% from the company’s current price.

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

M&G Price Performance

LON MNG opened at GBX 209.11 ($2.73) on Wednesday. M&G has a 1 year low of GBX 188.85 ($2.47) and a 1 year high of GBX 241.10 ($3.15). The business’s fifty day moving average is GBX 208.20 and its two-hundred day moving average is GBX 209.64. The stock has a market capitalization of £4.98 billion, a P/E ratio of 1,742.55, a P/E/G ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 207.54, a quick ratio of 0.39 and a current ratio of 1.17.

Insider Activity

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

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.