Analysts Set M&G plc (LON:MNG) Price Target at GBX 223.33

M&G plc (LON:MNG) has received a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 223.33 ($2.80).

MNG has been the topic of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 220 ($2.76) price objective on shares of M&G in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 240 ($3.01) target price on shares of M&G in a research note on Thursday, September 5th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 225 ($2.82) price objective on shares of M&G in a report on Thursday, September 5th.

M&G Stock Performance

LON:MNG opened at GBX 200.80 ($2.52) on Tuesday. M&G has a 1-year low of GBX 192.43 ($2.41) and a 1-year high of GBX 241.10 ($3.02). 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 firm has a market capitalization of £4.78 billion, a price-to-earnings ratio of 2,868.57, a PEG ratio of -2.76 and a beta of 1.47. The company’s 50-day moving average is GBX 202.80 and its two-hundred day moving average is GBX 204.94.

M&G Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were issued a GBX 6.60 ($0.08) dividend. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, September 12th. M&G’s payout ratio is currently 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.