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

Shares of M&G plc (LON:MNG) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 222.60 ($2.75).

MNG has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 225 ($2.78) price objective on shares of M&G in a report on Wednesday, April 10th. Barclays reiterated an “underweight” rating and set a GBX 205 ($2.53) price objective on shares of M&G in a report on Tuesday, February 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 225 ($2.78) target price on shares of M&G in a research report on Tuesday, February 20th.

M&G Price Performance

M&G stock opened at GBX 197.90 ($2.44) on Friday. M&G has a 52 week low of GBX 181.55 ($2.24) and a 52 week high of GBX 241.10 ($2.98). The company has a quick ratio of 0.39, a current ratio of 2.52 and a debt-to-equity ratio of 207.54. The firm’s 50-day simple moving average is GBX 219.44 and its 200 day simple moving average is GBX 214.91. The firm has a market capitalization of £4.69 billion, a PE ratio of 1,649.17, a P/E/G ratio of -2.76 and a beta of 1.49.

M&G Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, March 28th will be issued a dividend of GBX 13.20 ($0.16) per share. This represents a dividend yield of 5.7%. This is a positive change from M&G’s previous dividend of $6.50. The ex-dividend date of this dividend is Thursday, March 28th. M&G’s dividend payout ratio (DPR) is currently 16,666.67%.

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.