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

Shares of M&G plc (LON:MNG) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 223.33 ($2.92).

A number of research analysts recently issued reports on MNG shares. Royal Bank of Canada restated a “sector perform” rating and set a GBX 220 ($2.88) price target on shares of M&G in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 240 ($3.14) target price 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 ($2.94) price target on shares of M&G in a report on Thursday, September 5th.

M&G Price Performance

MNG stock opened at GBX 203.71 ($2.66) on Thursday. The stock has a market capitalization of £4.85 billion, a price-to-earnings ratio of 1,742.50, a PEG ratio of -2.76 and a beta of 1.47. The firm’s 50-day moving average price is GBX 208.26 and its two-hundred day moving average price is GBX 209.64. The company has a current ratio of 1.17, a quick ratio of 0.39 and a debt-to-equity ratio of 207.54. M&G has a 12-month low of GBX 188.85 ($2.47) and a 12-month high of GBX 241.10 ($3.15).

M&G Cuts Dividend

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

Insider Buying and Selling

In other M&G news, insider Edward Braham bought 24,600 shares of the company’s stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average price of GBX 204 ($2.67) per share, with a total value of £50,184 ($65,625.74). 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.