M&G (MNG)

Sector:

Financials

Index:

FTSE 100

209.30p
   
  • Change Today:
      2.20p
  • 52 Week High: 238.80
  • 52 Week Low: 183.05
  • Currency: UK Pounds
  • Shares Issued: 2,380.25m
  • Volume: 1,279,078
  • Market Cap: £4,981.87m
  • RiskGrade: 186

Deutsche Bank slightly lowers target price on M&G

By Iain Gilbert

Date: Friday 11 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Deutsche Bank slightly lowered their target price on investment manager M&G from 230.0p to 225.0p on Friday, stating it was "waiting for the kettle to boil".
Deutsche Bank stated market movements during 2021 were likely to have contributed 14 points to M&G's solvency ratio and could add an additional £530.0m of net cash remittances in 2022.

Unsurprisingly, DB noted that hopes were increasing that management will announce a plan to deploy the build-up in excess cash, including a capital return to shareholders, at its full-year results.

"In this respect, we note that the 8% rise in the shares year-to-date implicitly captures circa £400.0m of capital return already, and we ourselves now build in a share buy-back of that amount - though at interim 2022," said the German bank.

"However, whilst this could indeed be positive, we remain concerned about the growth of the underlying fund management business and the group's high leverage."

Deutsche Bank retained its 'hold' recommendation on the stock, noting it sees "better value elsewhere in the sector", particularly at Aviva.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

M&G Market Data

Currency UK Pounds
Share Price 209.30p
Change Today 2.20p
% Change 1.06 %
52 Week High 238.80
52 Week Low 183.05
Volume 1,279,078
Shares Issued 2,380.25m
Market Cap £4,981.87m
RiskGrade 186

M&G Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.97% below the market average12.97% below the market average12.97% below the market average12.97% below the market average12.97% below the market average
50.46% below the sector average50.46% below the sector average50.46% below the sector average50.46% below the sector average50.46% below the sector average
Price Trend
12.16% above the market average12.16% above the market average12.16% above the market average12.16% above the market average12.16% above the market average
1.72% above the sector average1.72% above the sector average1.72% above the sector average1.72% above the sector average1.72% above the sector average
Income
21.47% above the market average21.47% above the market average21.47% above the market average21.47% above the market average21.47% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
74.52% below the market average74.52% below the market average74.52% below the market average74.52% below the market average74.52% below the market average
61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average

M&G Dividends

  Latest Previous
  2nd Interim Interim
Ex-Div 28-Mar-24 28-Sep-23
Paid 09-May-24 03-Nov-23
Amount 13.20p 6.50p

Trades for 24-Jun-2024

Time Volume / Share Price
12:25 728 @ 209.30p
12:25 719 @ 209.30p
12:25 1,600 @ 209.43p
12:24 10,683 @ 209.34p
12:24 48 @ 209.35p

M&G Key Personnel

CFO Kathryn McLeland
CEO Andrea Rossi

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