M&G plc (LON:MNG) Given Average Rating of “Hold” by Analysts

M&G plc (LON:MNG) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 222.50 ($2.91).

MNG has been the subject of a number of recent research reports. Royal Bank of Canada lowered their price objective on M&G from GBX 220 ($2.88) to GBX 215 ($2.81) and set a “sector perform” rating for the company in a research note on Wednesday, May 15th. Berenberg Bank restated a “hold” rating and set a GBX 225 ($2.94) price objective on shares of M&G in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 240 ($3.14) price target on shares of M&G in a research note on Thursday, September 5th.

Insider Activity

In other news, insider Edward Braham acquired 24,600 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average price of GBX 204 ($2.67) per share, for a total transaction of £50,184 ($65,625.74). Insiders own 1.74% of the company’s stock.

M&G Price Performance

Shares of MNG opened at GBX 208.40 ($2.73) on Thursday. The company has a market cap of £4.96 billion, a P/E ratio of 1,736.67, a PEG ratio of -2.76 and a beta of 1.47. The stock has a fifty day moving average price of GBX 208.09 and a 200 day moving average price of GBX 209.76. The company has a debt-to-equity ratio of 207.54, a current ratio of 1.17 and a quick ratio of 0.39. M&G has a 12 month low of GBX 188.85 ($2.47) and a 12 month high of GBX 241.10 ($3.15).

M&G Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 12th will be issued a GBX 6.60 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a dividend yield of 3.05%. M&G’s dividend payout ratio (DPR) is 16,666.67%.

About M&G

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.