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

M&G plc (LON:MNGGet Rating) has been given an average recommendation of “Hold” by the nine brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 241 ($2.97).

MNG has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 250 ($3.08) price objective on shares of M&G in a report on Friday, April 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of M&G from GBX 225 ($2.77) to GBX 240 ($2.96) and gave the company a “hold” rating in a report on Thursday, March 24th. Barclays lifted their price objective on shares of M&G from GBX 217 ($2.68) to GBX 226 ($2.79) and gave the company an “underweight” rating in a report on Monday, April 4th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 237 ($2.92) price objective on shares of M&G in a report on Wednesday, March 9th. Finally, JPMorgan Chase & Co. raised shares of M&G to a “neutral” rating and lifted their price objective for the company from GBX 215 ($2.65) to GBX 250 ($3.08) in a report on Thursday, March 31st.

MNG traded up GBX 5.90 ($0.07) on Monday, reaching GBX 213.90 ($2.64). The stock had a trading volume of 5,240,107 shares, compared to its average volume of 7,867,117. M&G has a 12-month low of GBX 168.69 ($2.08) and a 12-month high of GBX 254.30 ($3.14). The company has a current ratio of 2.76, a quick ratio of 0.70 and a debt-to-equity ratio of 174.80. The business’s 50-day moving average price is GBX 215.34 and its two-hundred day moving average price is GBX 207.36. The company has a market cap of £5.54 billion and a P/E ratio of 66.84.

The business also recently announced a dividend, which was paid on Thursday, April 28th. Stockholders of record on Thursday, March 17th were given a GBX 12.20 ($0.15) dividend. This is a positive change from M&G’s previous dividend of $6.10. The ex-dividend date was Thursday, March 17th. This represents a dividend yield of 6.84%. M&G’s dividend payout ratio (DPR) is 5.73%.

In other news, insider John W. Foley sold 23,820 shares of M&G stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of GBX 215 ($2.65), for a total value of £51,213 ($63,140.18).

About M&G (Get Rating)

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through two segments, Asset Management, and Retail and Savings. It offers retirement, savings, and investment management solutions to its retail and institutional customers.

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Analyst Recommendations for M&G (LON:MNG)

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