Deutsche Bank reaffirmed their buy rating on shares of M&G (LON:MNG) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently issued reports on MNG. Royal Bank of Canada reissued a sector performer rating on shares of M&G in a research report on Friday, March 20th. JPMorgan Chase & Co. dropped their price objective on M&G from GBX 297 ($3.91) to GBX 235 ($3.09) and set an overweight rating for the company in a report on Friday, March 13th. Finally, Barclays reiterated an equal weight rating on shares of M&G in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Buy and an average target price of GBX 264.20 ($3.48).
LON MNG opened at GBX 140.60 ($1.85) on Monday. The company has a current ratio of 3.32, a quick ratio of 0.54 and a debt-to-equity ratio of 153.17. The firm has a market capitalization of $3.65 billion and a P/E ratio of 3.27. The company has a 50 day simple moving average of GBX 195.50. M&G has a 1-year low of GBX 91.60 ($1.20) and a 1-year high of GBX 282.30 ($3.71).
The company also recently announced a dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, April 16th will be issued a GBX 15.77 ($0.21) dividend. This represents a yield of 9.27%. The ex-dividend date of this dividend is Thursday, April 16th. M&G’s dividend payout ratio is currently 0.56%.
In other news, insider Michael Evans purchased 51,627 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was bought at an average price of GBX 97 ($1.28) per share, with a total value of £50,078.19 ($65,875.02). Also, insider Clare Thompson purchased 20,000 shares of M&G stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of GBX 172 ($2.26) per share, for a total transaction of £34,400 ($45,251.25).
M&G plc, a holding company, through its subsidiaries, operates as a savings and investment company. The company manages investments for individuals and large institutional investors, such as pension funds around the world. Its investments include bonds, equities, alternatives, real estate, infrastructure, and multi-asset classes.
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