Royal Bank of Canada Reiterates “Outperform” Rating for M&G (LON:MNG)

M&G (LON:MNG – Get Rating)‘s stock had its “outperform” rating restated by Royal Bank of Canada in a research report issued to clients and investors on Friday, MarketBeat.com reports. They presently have a GBX 230 ($2.89) price objective on the stock. Royal Bank of Canada’s target price points to a potential upside of 4.93% from the company’s current price.

MNG has been the topic of a number of other reports. Morgan Stanley reissued an “overweight” rating on shares of M&G in a research note on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of M&G from GBX 240 ($3.02) to GBX 230 ($2.89) and set a “hold” rating on the stock in a research note on Monday, May 16th. Barclays raised their price target on shares of M&G from GBX 217 ($2.73) to GBX 226 ($2.84) and gave the stock an “underweight” rating in a research note on Monday, April 4th. JPMorgan Chase & Co. raised shares of M&G to a “neutral” rating and raised their price target for the stock from GBX 215 ($2.71) to GBX 250 ($3.15) in a research note on Thursday, March 31st. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 237 ($2.98) price target on shares of M&G in a research note on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, M&G has a consensus rating of “Hold” and an average target price of GBX 242.13 ($3.05).

Shares of LON MNG opened at GBX 219.20 ($2.76) on Friday. The stock has a market cap of £5.68 billion and a price-to-earnings ratio of 68.38. M&G has a 52 week low of GBX 168.69 ($2.12) and a 52 week high of GBX 254.30 ($3.20). The company’s 50-day moving average price is GBX 214.50 and its 200 day moving average price is GBX 208.09. The company has a current ratio of 2.76, a quick ratio of 0.70 and a debt-to-equity ratio of 174.80.

In other news, insider John W. Foley sold 23,820 shares of M&G stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of GBX 215 ($2.71), for a total transaction of £51,213 ($64,443.19).

M&G Company Profile (Get Rating)

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through two segments, Asset Management, and Retail and Savings. It offers retirement, savings, and investment management solutions to its retail and institutional customers.

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