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

M&G plc (LON:MNG) has earned an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 223.33 ($2.99).

A number of research firms recently weighed in on MNG. Royal Bank of Canada restated a “sector perform” rating and set a GBX 220 ($2.94) target price on shares of M&G in a research note on Wednesday, September 11th. Berenberg Bank reiterated a “hold” rating and issued a GBX 225 ($3.01) price target on shares of M&G in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 240 ($3.21) price target on shares of M&G in a research note on Thursday, September 5th.

M&G Stock Up 1.8 %

MNG opened at GBX 206 ($2.76) on Monday. The company has a debt-to-equity ratio of 228.54, a quick ratio of 0.39 and a current ratio of 1.23. M&G has a fifty-two week low of GBX 190.30 ($2.55) and a fifty-two week high of GBX 241.10 ($3.22). The firm’s fifty day moving average is GBX 208.37 and its 200 day moving average is GBX 207.30. The stock has a market cap of £4.90 billion, a price-to-earnings ratio of 2,942.86, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47.

M&G Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 12th will be paid a GBX 6.60 ($0.09) dividend. This represents a yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 12th. M&G’s payout ratio is currently 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.