M&G plc (LON:MNG) Receives GBX 224.17 Average Price Target from Analysts

Shares of M&G plc (LON:MNG) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 224.17 ($2.85).

MNG has been the subject of a number of analyst reports. Barclays reissued an “underweight” rating and set a GBX 205 ($2.61) target price on shares of M&G in a research report on Tuesday, February 20th. Royal Bank of Canada reduced their target price on M&G from GBX 220 ($2.80) to GBX 215 ($2.73) and set a “sector perform” rating on the stock in a research report on Wednesday, May 15th. Berenberg Bank restated a “hold” rating and set a GBX 225 ($2.86) price target on shares of M&G in a research note on Friday, May 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 225 ($2.86) target price on shares of M&G in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 225 ($2.86) price target on shares of M&G in a report on Tuesday, February 20th.

M&G Stock Down 0.3 %

Shares of LON MNG opened at GBX 201.30 ($2.56) on Tuesday. The company has a market cap of £4.79 billion, a P/E ratio of 1,677.50, a PEG ratio of -2.76 and a beta of 1.49. The firm has a 50-day simple moving average of GBX 209.81 and a two-hundred day simple moving average of GBX 215.69. M&G has a 1 year low of GBX 181.55 ($2.31) and a 1 year high of GBX 241.10 ($3.06). The company has a debt-to-equity ratio of 207.54, a current ratio of 1.17 and a quick ratio of 0.39.

M&G Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, March 28th were paid a GBX 13.20 ($0.17) dividend. The ex-dividend date was Thursday, March 28th. This is a boost from M&G’s previous dividend of $6.50. This represents a dividend yield of 5.7%. M&G’s payout ratio is presently 16,666.67%.

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.