M&G’s (MNG) Sector perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of M&G (LON:MNG) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The firm currently has a GBX 220 ($2.88) target price on the stock.

A number of other research analysts have also recently issued reports on the company. Berenberg Bank reaffirmed a hold rating and set a GBX 225 ($2.94) price objective on shares of M&G in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a GBX 240 ($3.14) target price on shares of M&G in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of GBX 223.33 ($2.92).

M&G Trading Up 1.5 %

M&G stock opened at GBX 206.90 ($2.71) on Wednesday. The stock has a market cap of £4.92 billion, a P/E ratio of 2,955.71, a PEG ratio of -2.76 and a beta of 1.47. M&G has a fifty-two week low of GBX 170 ($2.22) and a fifty-two week high of GBX 241.10 ($3.15). The firm’s fifty day moving average price is GBX 208.14 and its 200-day moving average price is GBX 209.39. The company has a debt-to-equity ratio of 228.54, a quick ratio of 0.39 and a current ratio of 1.23.

M&G Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 12th will be issued a dividend of GBX 6.60 ($0.09) per share. The ex-dividend date is Thursday, September 12th. This represents a dividend yield of 3.05%. M&G’s payout ratio is 28,571.43%.

Insider Activity

In other M&G news, insider Edward Braham bought 24,600 shares of the stock in a transaction dated Wednesday, June 19th. The stock was purchased at an average cost of GBX 204 ($2.67) per share, for a total transaction of £50,184 ($65,625.74). Company insiders own 1.75% of the company’s stock.

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.