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

M&G plc (LON:MNG - Get Free Report) has been assigned a consensus rating of "Hold" from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 223.33 ($2.90).

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 240 ($3.12) price objective on shares of M&G in a research report on Thursday, September 5th. Royal Bank of Canada reissued a "sector perform" rating and issued a GBX 220 ($2.86) price objective on shares of M&G in a research report on Wednesday, September 11th. Finally, Berenberg Bank restated a "hold" rating and set a GBX 225 ($2.92) target price on shares of M&G in a research report on Thursday, September 5th.

M&G Price Performance

Shares of LON:MNG traded down GBX 1.90 ($0.02) on Friday, reaching GBX 200.50 ($2.60). The company's stock had a trading volume of 3,951,655 shares, compared to its average volume of 8,165,070. The company has a 50-day simple moving average of GBX 208.48 and a 200 day simple moving average of GBX 205.42. M&G has a 52-week low of GBX 191.30 ($2.48) and a 52-week high of GBX 241.10 ($3.13). The company has a debt-to-equity ratio of 228.54, a quick ratio of 0.39 and a current ratio of 1.23. The company has a market cap of £4.77 billion, a P/E ratio of 2,894.43, a PEG ratio of -2.76 and a beta of 1.47.

M&G Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 12th were paid a dividend of GBX 6.60 ($0.09) per share. This represents a dividend yield of 3.05%. The ex-dividend date was Thursday, September 12th. M&G's dividend payout ratio (DPR) is currently 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.