M&G plc (LON:MNG) Receives GBX 223.33 Consensus Target Price from Analysts

Shares of M&G plc (LON:MNG) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 223.33 ($2.81).

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 240 ($3.02) price objective on shares of M&G in a research report on Thursday, September 5th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 225 ($2.83) price objective on shares of M&G in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 220 ($2.77) price objective on shares of M&G in a research report on Wednesday, September 11th.

M&G Stock Up 1.0 %

LON MNG opened at GBX 201.90 ($2.54) on Tuesday. The company has a debt-to-equity ratio of 228.54, a current ratio of 1.23 and a quick ratio of 0.39. The stock has a market capitalization of £4.81 billion, a PE ratio of 2,884.29, a PEG ratio of -2.76 and a beta of 1.47. M&G has a 1 year low of GBX 192.43 ($2.42) and a 1 year high of GBX 241.10 ($3.04). The business’s 50-day moving average is GBX 202.92 and its 200 day moving average is GBX 204.92.

M&G Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 12th were paid a GBX 6.60 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 3.05%. M&G’s dividend payout ratio (DPR) is 28,571.43%.

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.