M&G plc (LON:MNG – Get Free Report) has earned an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 222.60 ($2.75).
A number of equities analysts have weighed in on MNG shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 225 ($2.78) target price on shares of M&G in a research note on Wednesday, April 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 225 ($2.78) price target on shares of M&G in a research report on Tuesday, February 20th. Finally, Barclays reiterated an “underweight” rating and set a GBX 205 ($2.53) price objective on shares of M&G in a research note on Tuesday, February 20th.
Read Our Latest Stock Analysis on MNG
M&G Stock Performance
M&G Increases Dividend
The business also recently announced a dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th will be paid a GBX 13.20 ($0.16) dividend. This represents a yield of 5.7%. The ex-dividend date is Thursday, March 28th. This is a positive change from M&G’s previous dividend of $6.50. M&G’s payout ratio is 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.
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