M&G (LON:MNG) Reaches New 12-Month High - Should You Buy?

M&G plc (LON:MNG - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 255.70 ($3.48) and last traded at GBX 254.60 ($3.47), with a volume of 10352901 shares changing hands. The stock had previously closed at GBX 253.90 ($3.46).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on M&G from GBX 230 ($3.13) to GBX 225 ($3.06) and set a "hold" rating on the stock in a report on Monday, February 24th.

M&G Stock Performance

The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39. The stock has a market cap of £6.10 billion, a price-to-earnings ratio of 36.52, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The stock's 50-day moving average is GBX 212.15 and its 200-day moving average is GBX 207.37.

M&G (LON:MNG - Get Free Report) last issued its 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 return on equity of 4.31% and a net margin of 1.85%. Analysts anticipate that M&G plc will post 24.2485207 EPS 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 issued a GBX 23.50 ($0.32) dividend. This represents a yield of 4.25%. The ex-dividend date of this dividend was Thursday, April 3rd. This is a boost from M&G's previous dividend of $6.60. M&G's dividend payout ratio is currently 285.20%.

Insider Buying and Selling

In related news, insider Clive Adamson bought 600 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average price of GBX 237 ($3.23) per share, with a total value of £1,422 ($1,936.01). 1.75% of the stock is currently owned by insiders.

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.