M&G (LON:MNG) Receives “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of M&G (LON:MNG) in a research report sent to investors on Wednesday morning, LSE.Co.UK reports. They currently have a GBX 225 ($2.85) price objective on the stock.

Several other analysts also recently weighed in on the stock. Barclays reaffirmed an underweight rating and issued a GBX 205 ($2.59) target price on shares of M&G in a report on Tuesday, February 20th. Jefferies Financial Group reissued a buy rating and set a GBX 225 ($2.85) price objective on shares of M&G in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of GBX 222.60 ($2.82).

M&G Stock Down 0.6 %

Shares of LON:MNG opened at GBX 205.84 ($2.61) on Wednesday. The company has a market cap of £4.88 billion, a price-to-earnings ratio of 1,725.00, a PEG ratio of -2.76 and a beta of 1.49. The firm’s 50-day simple moving average is GBX 223.81 and its 200-day simple moving average is GBX 214.81. 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 fifty-two week low of GBX 181.55 ($2.30) and a fifty-two week high of GBX 241.10 ($3.05).

M&G Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, March 28th will be issued a dividend of GBX 13.20 ($0.17) per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a yield of 5.7%. This is an increase from M&G’s previous dividend of $6.50. M&G’s 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.