M&G plc (LON:MNG) Receives Average Rating of “Hold” from Brokerages

Shares of M&G plc (LON:MNG) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 223.33 ($2.90).

A number of research analysts recently issued reports on MNG shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 240 ($3.11) price objective on shares of M&G in a research report on Thursday, September 5th. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 220 ($2.85) price target on shares of M&G in a report on Wednesday, September 11th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 225 ($2.92) price target on shares of M&G in a research report on Thursday, September 5th.

M&G Stock Performance

Shares of LON MNG opened at GBX 193.95 ($2.52) on Friday. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 228.54. The firm’s 50-day moving average price is GBX 207.22 and its two-hundred day moving average price is GBX 205.17. M&G has a 52-week low of GBX 192.43 ($2.50) and a 52-week high of GBX 241.10 ($3.13). The stock has a market capitalization of £4.62 billion, a P/E ratio of 2,770.71, a P/E/G ratio of -2.76 and a beta of 1.47.

M&G Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were paid a GBX 6.60 ($0.09) dividend. The ex-dividend date was 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.