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

M&G (LON:MNG) had its price target cut by research analysts at Deutsche Bank Aktiengesellschaft from GBX 230 ($2.90) to GBX 225 ($2.84) in a report released on Monday,Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 8.07% from the company’s current price.

M&G Stock Down 0.1 %

LON MNG traded down GBX 0.20 ($0.00) during midday trading on Monday, hitting GBX 208.20 ($2.63). 8,502,565 shares of the company traded hands, compared to its average volume of 20,798,662. M&G has a 52 week low of GBX 184 ($2.32) and a 52 week high of GBX 241.10 ($3.04). The company’s 50-day simple moving average is GBX 202.34 and its 200-day simple moving average is GBX 203.69. The company has a market cap of £4.96 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39.

About M&G

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.