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

M&G plc (LON:MNG) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 223.33 ($2.90).

MNG has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 220 ($2.86) target price on shares of M&G in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 240 ($3.12) price target on shares of M&G in a research note on Thursday, September 5th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 225 ($2.92) price target on shares of M&G in a research report on Thursday, September 5th.

M&G Trading Down 0.2 %

Shares of MNG stock opened at GBX 202.61 ($2.63) on Friday. M&G has a fifty-two week low of GBX 191.30 ($2.48) and a fifty-two week high of GBX 241.10 ($3.13). The stock’s fifty day moving average price is GBX 208.33 and its two-hundred day moving average price is GBX 205.35. 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 £4.82 billion, a PE ratio of 2,864.29, a P/E/G ratio of -2.76 and a beta of 1.47.

M&G Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 12th were given a GBX 6.60 ($0.09) dividend. The ex-dividend date was Thursday, September 12th. This represents a yield of 3.05%. M&G’s dividend payout ratio 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.