Shares of M&G plc (LON:MNG) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 205.20 ($2.68).
Several research firms have recently weighed in on MNG. Barclays reissued an “underweight” rating on shares of M&G in a research note on Tuesday, March 30th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of M&G from GBX 210 ($2.74) to GBX 205 ($2.68) and set a “hold” rating on the stock in a report on Monday, March 29th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 238 ($3.11) target price on shares of M&G in a research note on Friday, March 26th.
In other M&G news, insider John W. Foley sold 377,543 shares of the company’s stock in a transaction on Thursday, April 1st. The stock was sold at an average price of GBX 208 ($2.72), for a total value of £785,289.44 ($1,025,985.68).
The company also recently disclosed a dividend, which was paid on Wednesday, April 28th. Stockholders of record on Thursday, March 18th were given a dividend of GBX 12.23 ($0.16) per share. The ex-dividend date was Thursday, March 18th. This is a boost from M&G’s previous dividend of $6.00. This represents a dividend yield of 5.96%. M&G’s payout ratio is currently 0.41%.
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 two segments, Savings & Asset Management and Heritage. It offers retirement, savings, and investment management solutions to its retail and institutional customers.
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