Deutsche Bank Aktiengesellschaft restated their buy rating on shares of M&G (LON:MNG – Free Report) in a research note released on Thursday, Marketbeat.com reports. The firm currently has a GBX 240 ($3.16) target price on the stock.
A number of other equities analysts have also recently weighed in on the company. Royal Bank of Canada decreased their price target on M&G from GBX 220 ($2.89) to GBX 215 ($2.83) and set a sector perform rating for the company in a report on Wednesday, May 15th. Berenberg Bank reaffirmed a hold rating and issued a GBX 225 ($2.96) target price on shares of M&G in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, M&G has an average rating of Hold and an average price target of GBX 222.50 ($2.93).
M&G Stock Down 0.4 %
M&G Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 12th will be given a dividend of GBX 6.60 ($0.09) per share. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 12th. M&G’s dividend payout ratio is currently 16,666.67%.
Insider Activity at M&G
In other news, insider Edward Braham purchased 24,600 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The shares were acquired at an average cost of GBX 204 ($2.68) per share, with a total value of £50,184 ($65,988.17). Corporate insiders own 1.74% 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.
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