M&G (LON:MNG) Sets New 1-Year High - What's Next?

M&G plc (LON:MNG - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as GBX 243.70 ($3.30) and last traded at GBX 243.10 ($3.29), with a volume of 12643109 shares traded. The stock had previously closed at GBX 242.10 ($3.28).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of M&G from GBX 230 ($3.12) to GBX 225 ($3.05) and set a "hold" rating for the company in a report on Monday, February 24th.

M&G Trading Up 3.0%

The business's 50 day moving average price is GBX 208.56 and its two-hundred day moving average price is GBX 206.28. The company has a market capitalization of £5.98 billion, a price-to-earnings ratio of 35.82, a P/E/G ratio of -2.76 and a beta of 1.47. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70.

M&G (LON:MNG - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported GBX (15.10) (($0.20)) EPS for the quarter. M&G had a net margin of 1.85% and a return on equity of 4.31%. On average, equities analysts predict that M&G plc will post 24.2485207 earnings per share for the current fiscal year.

M&G Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, April 3rd were given a GBX 23.50 ($0.32) dividend. This represents a dividend 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 payout ratio is 285.20%.

Insider Buying and Selling at M&G

In related news, insider Clive Adamson acquired 600 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were bought at an average price of GBX 237 ($3.21) per share, with a total value of £1,422 ($1,927.09). Insiders own 1.75% of the company's stock.

M&G Company Profile

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.