Brokerages Set M&G plc (LON:MNG) Target Price at GBX 222.60

Shares of M&G plc (LON:MNG) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 222.60 ($2.75).

MNG has been the subject of several analyst reports. Barclays reiterated an “underweight” rating and set a GBX 205 ($2.53) price objective on shares of M&G in a research report on Tuesday, February 20th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 225 ($2.78) price objective on shares of M&G in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 225 ($2.78) price objective on shares of M&G in a research report on Wednesday, April 10th.

M&G Stock Up 0.4 %

LON:MNG opened at GBX 198.77 ($2.46) on Friday. The firm has a market capitalization of £4.71 billion, a PE ratio of 1,661.25, a price-to-earnings-growth ratio of -2.76 and a beta of 1.49. The stock has a 50 day moving average of GBX 218.94 and a 200-day moving average of GBX 215.17. M&G has a 52 week low of GBX 181.55 ($2.24) and a 52 week high of GBX 241.10 ($2.98). The company has a current ratio of 2.52, a quick ratio of 0.39 and a debt-to-equity ratio of 207.54.

M&G Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, March 28th will be given a GBX 13.20 ($0.16) dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, March 28th. This is a boost from M&G’s previous dividend of $6.50. M&G’s dividend payout ratio (DPR) is 16,666.67%.

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.