Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of M&G (LON:MNG – Free Report) in a research report released on Thursday, MarketBeat Ratings reports. The firm currently has a GBX 240 ($3.16) target price on the stock.
MNG has been the subject of several other research reports. Berenberg Bank reissued a hold rating and issued a GBX 225 ($2.96) price target on shares of M&G in a research note on Thursday. Royal Bank of Canada decreased their price target on M&G from GBX 220 ($2.89) to GBX 215 ($2.83) and set a sector perform rating for the company in a research note on Wednesday, May 15th. One 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.com, the stock currently has a consensus rating of Hold and an average target price of GBX 222.50 ($2.93).
M&G Price Performance
M&G Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 12th will be paid a dividend of GBX 6.60 ($0.09) per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a yield of 3.05%. M&G’s dividend payout ratio is currently 16,666.67%.
Insider Activity at M&G
In other news, insider Edward Braham bought 24,600 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The stock was acquired at an average price of GBX 204 ($2.68) per share, with a total value of £50,184 ($65,988.17). Company insiders own 1.74% of the company’s stock.
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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