M&G (LON:MNG) Given “Hold” Rating at Berenberg Bank

Berenberg Bank restated their hold rating on shares of M&G (LON:MNG) in a research note released on Thursday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 225 ($2.96) price target on the stock.

Separately, Royal Bank of Canada reduced their price objective on shares of M&G from GBX 220 ($2.89) to GBX 215 ($2.83) and set a sector perform rating on the stock in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, M&G has a consensus rating of Hold and a consensus target price of GBX 222.50 ($2.93).

M&G Stock Down 0.2 %

MNG opened at GBX 206.60 ($2.72) on Thursday. The firm has a market cap of £4.92 billion, a P/E ratio of 1,718.33, a PEG ratio of -2.76 and a beta of 1.47. The business’s fifty day simple moving average is GBX 208.02 and its 200 day simple moving average is GBX 209.89. M&G has a 52 week low of GBX 188.65 ($2.48) and a 52 week high of GBX 241.10 ($3.17). The company has a quick ratio of 0.39, a current ratio of 1.17 and a debt-to-equity ratio of 207.54.

M&G Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 12th will be given a GBX 6.60 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a dividend yield of 3.05%. M&G’s dividend payout ratio is presently 16,666.67%.

Insider Activity at M&G

In other news, insider Edward Braham bought 24,600 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were acquired at an average cost of GBX 204 ($2.68) per share, with a total value of £50,184 ($65,988.17). 1.74% of the stock is owned by insiders.

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.