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

M&G plc (LON:MNG) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One 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 12-month price target among analysts that have covered the stock in the last year is GBX 223.33 ($2.80).

MNG has been the topic of several recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 225 ($2.83) price target on shares of M&G in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 240 ($3.01) price target on shares of M&G in a research note on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 220 ($2.76) price target on shares of M&G in a research note on Wednesday, September 11th.

M&G Stock Performance

LON MNG opened at GBX 201.60 ($2.53) on Tuesday. The stock’s fifty day moving average is GBX 202.67 and its two-hundred day moving average is GBX 204.91. The firm has a market capitalization of £4.80 billion, a P/E ratio of 2,872.86, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 228.54, a quick ratio of 0.39 and a current ratio of 1.23. M&G has a fifty-two week low of GBX 192.43 ($2.42) and a fifty-two week high of GBX 241.10 ($3.03).

M&G Cuts Dividend

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