M&G plc (LON:MNG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of M&G plc (LON:MNG) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 223.33 ($2.80).

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

M&G Stock Performance

LON MNG opened at GBX 200.80 ($2.52) on Tuesday. The stock has a market cap of £4.78 billion, a price-to-earnings ratio of 2,868.57, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. 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 business has a fifty day moving average of GBX 202.80 and a 200-day moving average of GBX 204.94. M&G has a fifty-two week low of GBX 192.43 ($2.41) and a fifty-two week high of GBX 241.10 ($3.02).

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 paid 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%.

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.