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

Shares of M&G plc (LON:MNG) have received a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 223.33 ($2.83).

Several analysts have recently issued reports on MNG shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 220 ($2.79) price objective on shares of M&G in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 240 ($3.04) price target on shares of M&G in a research note on Thursday, September 5th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 225 ($2.85) price objective on shares of M&G in a research note on Thursday, September 5th.

M&G Price Performance

LON:MNG opened at GBX 201.90 ($2.56) on Tuesday. The business’s 50-day moving average is GBX 203.27 and its 200 day moving average is GBX 204.98. M&G has a 12 month low of GBX 192.43 ($2.44) and a 12 month high of GBX 241.10 ($3.06). The company has a market capitalization of £4.81 billion, a P/E ratio of 2,868.57, a P/E/G ratio of -2.76 and a beta of 1.47. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 228.54.

M&G Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 12th were paid a GBX 6.60 ($0.08) dividend. This represents a yield of 3.05%. The ex-dividend date of this dividend was Thursday, September 12th. M&G’s 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.