Berenberg Bank Reiterates M&G (MNG) Hold Recommendation
Fintel reports that on June 8, 2023, Berenberg Bank reiterated coverage of M&G (MNG) with a Hold recommendation.
Analyst Price Forecast Suggests 12.93% Upside
As of June 2, 2023, the average one-year price target for M&G is 227.77. The forecasts range from a low of 191.90 to a high of $283.50. The average price target represents an increase of 12.93% from its latest reported closing price of 201.70.
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The projected annual revenue for M&G is 19,978MM. The projected annual non-GAAP EPS is 0.20.
M&G Maintains 9.72% Dividend Yield
At the most recent price, the company's dividend yield is 9.72%.
Additionally, the company's dividend payout ratio is -0.28. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.