M&G plc (LON:MNG - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 243.70 ($3.31) and last traded at GBX 243.10 ($3.30), with a volume of 12643109 shares trading hands. The stock had previously closed at GBX 242.10 ($3.29).
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft lowered their price target on shares of M&G from GBX 230 ($3.12) to GBX 225 ($3.06) and set a "hold" rating on the stock in a research report on Monday, February 24th.
Read Our Latest Research Report on MNG
M&G Trading Up 0.7%
The firm's 50-day moving average price is GBX 207.70 and its 200-day moving average price is GBX 205.94. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 218.70. The company has a market cap of £5.81 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47.
M&G (LON:MNG - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported GBX (15.10) (($0.21)) earnings per share (EPS) for the quarter. M&G had a net margin of 1.85% and a return on equity of 4.31%. As a group, equities research analysts expect that M&G plc will post 24.2485207 earnings per share for the current fiscal year.
M&G Increases Dividend
The company also recently announced a dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, April 3rd were issued a dividend of GBX 23.50 ($0.32) per share. This represents a yield of 4.25%. The ex-dividend date of this dividend was Thursday, April 3rd. This is a positive change from M&G's previous dividend of $6.60. M&G's dividend payout ratio is 285.20%.
Insider Buying and Selling
In other news, insider Clive Adamson bought 600 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average price of GBX 237 ($3.22) per share, with a total value of £1,422 ($1,931.02). 1.75% of the stock is currently owned by insiders.
M&G Company Profile
(
Get Free Report)
M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.
We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa.
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