M&G plc (LON:MNG) Receives GBX 223.33 Consensus Target Price from Brokerages

M&G plc (LON:MNG) has received an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 223.33 ($2.81).

MNG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 240 ($3.02) target price on shares of M&G in a research note on Thursday, September 5th. Berenberg Bank reissued a “hold” rating and issued a GBX 225 ($2.83) price target on shares of M&G in a research note on Thursday, September 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 220 ($2.77) price target on shares of M&G in a research note on Wednesday, September 11th.

M&G Stock Up 1.0 %

Shares of LON MNG opened at GBX 201.90 ($2.54) on Tuesday. The company’s 50-day simple moving average is GBX 202.92 and its 200-day simple moving average is GBX 204.92. M&G has a 52-week low of GBX 192.43 ($2.42) and a 52-week high of GBX 241.10 ($3.04). The firm has a market cap of £4.81 billion, a price-to-earnings ratio of 2,884.29, 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.

M&G Cuts Dividend

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