Deutsche Bank Aktiengesellschaft Cuts M&G (LON:MNG) Price Target to GBX 225

M&G (LON:MNG) had its price objective lowered by Deutsche Bank Aktiengesellschaft from GBX 230 ($2.90) to GBX 225 ($2.84) in a research report report published on Monday morning,Digital Look reports. The brokerage currently has a hold rating on the stock.

M&G Price Performance

Shares of MNG traded down GBX 0.20 ($0.00) during trading hours on Monday, hitting GBX 208.20 ($2.63). 8,502,565 shares of the stock were exchanged, compared to its average volume of 20,798,662. The stock’s 50-day moving average price is GBX 202.34 and its two-hundred day moving average price is GBX 203.69. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. The company has a market cap of £4.96 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. M&G has a 12-month low of GBX 184 ($2.32) and a 12-month high of GBX 241.10 ($3.04).

M&G Company Profile

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.

We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa.