M&G plc (LON:MNG) Given Consensus Recommendation of "Hold" by Brokerages

Shares of M&G plc (LON:MNG - Get Free Report) have been given an average recommendation of "Hold" by the six research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 222.60 ($2.75).

Several research firms have recently commented on MNG. Barclays restated an "underweight" rating and set a GBX 205 ($2.53) price target on shares of M&G in a report on Tuesday, February 20th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a GBX 225 ($2.78) price objective on shares of M&G in a report on Wednesday, April 10th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 225 ($2.78) price objective on shares of M&G in a report on Tuesday, February 20th.

M&G Stock Up 0.4 %

Shares of M&G stock traded up GBX 0.87 ($0.01) on Friday, hitting GBX 198.77 ($2.46). 4,687,412 shares of the company traded hands, compared to its average volume of 5,452,241. The company has a 50-day moving average price of GBX 219.44 and a 200 day moving average price of GBX 214.91. The company has a quick ratio of 0.39, a current ratio of 2.52 and a debt-to-equity ratio of 207.54. M&G has a 12-month low of GBX 181.55 ($2.24) and a 12-month high of GBX 241.10 ($2.98). The company has a market cap of £4.71 billion, a PE ratio of 1,649.17, a PEG ratio of -2.76 and a beta of 1.49.

M&G Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, March 28th will be given a dividend of GBX 13.20 ($0.16) per share. The ex-dividend date is Thursday, March 28th. This represents a dividend yield of 5.7%. This is a positive change from M&G's previous dividend of $6.50. M&G's dividend payout ratio is currently 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.