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

Shares of M&G plc (LON:MNG) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 223.33 ($2.99).

Several brokerages have recently weighed in on MNG. Royal Bank of Canada restated a “sector perform” rating and set a GBX 220 ($2.95) target price on shares of M&G in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 240 ($3.21) target price on shares of M&G in a research note on Thursday, September 5th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 225 ($3.01) target price on shares of M&G in a research note on Thursday, September 5th.

M&G Stock Down 0.7 %

Shares of M&G stock opened at GBX 208.50 ($2.79) on Monday. The business has a 50-day moving average of GBX 208.30 and a 200-day moving average of GBX 207.86. The company has a debt-to-equity ratio of 228.54, a current ratio of 1.23 and a quick ratio of 0.39. The company has a market capitalization of £4.96 billion, a PE ratio of 2,978.89, a P/E/G ratio of -2.76 and a beta of 1.47. M&G has a 1-year low of GBX 188.85 ($2.53) and a 1-year high of GBX 241.10 ($3.23).

M&G Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 12th will be given a dividend of GBX 6.60 ($0.09) per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a dividend yield of 3.05%. M&G’s payout ratio is 28,571.43%.

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.