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

Shares of M&G plc (LON:MNG) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat reports. One investment 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 223.33 ($2.80).

MNG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 240 ($3.01) price objective on shares of M&G in a report on Thursday, September 5th. Royal Bank of Canada reissued 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. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 225 ($2.83) price objective on shares of M&G in a report on Thursday, September 5th.

M&G Stock Up 0.2 %

M&G stock opened at GBX 201.60 ($2.53) on Tuesday. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 228.54. M&G has a 52 week low of GBX 192.43 ($2.42) and a 52 week high of GBX 241.10 ($3.03). The business’s 50-day moving average price is GBX 202.67 and its 200 day moving average price is GBX 204.91. The firm has a market cap of £4.80 billion, a price-to-earnings ratio of 2,872.86, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47.

M&G Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were given a GBX 6.60 ($0.08) dividend. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 3.05%. M&G’s dividend payout ratio (DPR) is presently 28,571.43%.

M&G Company Profile

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.