M&G plc (LON:MNG) Given Consensus Rating of “Hold” by Analysts

M&G plc (LON:MNG) has received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 224.17 ($2.85).

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of M&G from GBX 220 ($2.80) to GBX 215 ($2.73) and set a “sector perform” rating for the company in a report on Wednesday, May 15th. Berenberg Bank restated a “hold” rating and set a GBX 225 ($2.86) target price on shares of M&G in a research report on Friday, May 17th. Barclays reaffirmed an “underweight” rating and set a GBX 205 ($2.61) price target on shares of M&G in a report on Tuesday, February 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 225 ($2.86) price target on shares of M&G in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 225 ($2.86) price target on shares of M&G in a report on Tuesday, February 20th.

M&G Stock Performance

Shares of M&G stock opened at GBX 201.70 ($2.56) on Tuesday. M&G has a 12 month low of GBX 181.55 ($2.31) and a 12 month high of GBX 241.10 ($3.06). The company has a current ratio of 1.17, a quick ratio of 0.39 and a debt-to-equity ratio of 207.54. The business has a fifty day simple moving average of GBX 209.21 and a two-hundred day simple moving average of GBX 215.77. The firm has a market capitalization of £4.80 billion, a P/E ratio of 1,680.83, a P/E/G ratio of -2.76 and a beta of 1.49.

M&G Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th were paid a GBX 13.20 ($0.17) dividend. This is a positive change from M&G’s previous dividend of $6.50. The ex-dividend date of this dividend was Thursday, March 28th. This represents a yield of 5.7%. M&G’s dividend payout ratio (DPR) is presently 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.