Shares of M&G plc (LON:MNG – Get Free Report) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 222.60 ($2.75).
MNG has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 225 ($2.78) price objective on shares of M&G in a report on Wednesday, April 10th. Barclays reiterated an “underweight” rating and set a GBX 205 ($2.53) price objective on shares of M&G in a report on Tuesday, February 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 225 ($2.78) target price on shares of M&G in a research report on Tuesday, February 20th.
Read Our Latest Stock Analysis on MNG
M&G Price Performance
M&G Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, March 28th will be issued a dividend of GBX 13.20 ($0.16) per share. This represents a dividend yield of 5.7%. This is a positive change from M&G’s previous dividend of $6.50. The ex-dividend date of this dividend is Thursday, March 28th. M&G’s dividend payout ratio (DPR) is currently 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.
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