M&G (LON:MNG) Announces Quarterly Earnings Results

M&G (LON:MNG) released its quarterly earnings data on Wednesday. The company reported GBX (15.10) (($0.20)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. M&G had a net margin of 1.85% and a return on equity of 4.31%.

M&G Price Performance

Shares of MNG opened at GBX 227.60 ($2.96) on Wednesday. M&G has a fifty-two week low of GBX 184 ($2.39) and a fifty-two week high of GBX 241.10 ($3.13). The company has a market capitalization of £5.42 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The firm has a 50-day simple moving average of GBX 208.31 and a 200-day simple moving average of GBX 204.26. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of M&G from GBX 230 ($2.99) to GBX 225 ($2.93) and set a “hold” rating for the company in a research note on Monday, February 24th.

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.