M&G plc (LON:MNG) Receives GBX 223.33 Average PT from Analysts

M&G plc (LON:MNG - Get Free Report) has earned an average rating of "Hold" from the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 223.33 ($2.83).

A number of brokerages have issued reports on MNG. Royal Bank of Canada reiterated a "sector perform" rating and set a GBX 220 ($2.79) price objective on shares of M&G in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 240 ($3.04) price objective on shares of M&G in a report on Thursday, September 5th. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 225 ($2.85) price objective on shares of M&G in a report on Thursday, September 5th.

M&G Stock Down 1.2 %

Shares of MNG stock traded down GBX 2.42 ($0.03) during trading on Tuesday, reaching GBX 198.38 ($2.51). The company's stock had a trading volume of 6,444,197 shares, compared to its average volume of 8,034,425. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 228.54. The business has a fifty day moving average price of GBX 203.27 and a 200-day moving average price of GBX 204.98. M&G has a one year low of GBX 192.43 ($2.44) and a one year high of GBX 241.10 ($3.06). The company has a market cap of £4.72 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.

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 issued 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 dividend payout ratio (DPR) is presently 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.