M&G (LON:MNG) Sets New 12-Month High - Here's Why

Shares of M&G plc (LON:MNG - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 243.67 ($3.29) and last traded at GBX 242.14 ($3.27), with a volume of 312344156 shares changing hands. The stock had previously closed at GBX 224.40 ($3.03).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on M&G from GBX 230 ($3.11) to GBX 225 ($3.04) and set a "hold" rating on the stock in a research note on Monday, February 24th.

M&G Price Performance

The company has a 50 day moving average price of GBX 206.09 and a 200 day moving average price of GBX 205.39. The firm has a market cap of £5.69 billion, a PE ratio of 34.07, a price-to-earnings-growth 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 return on equity of 4.31% and a net margin of 1.85%. On average, sell-side analysts expect that M&G plc will post 24.2485207 EPS for the current year.

M&G Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, April 3rd were paid a dividend of GBX 23.50 ($0.32) per share. This is a positive change from M&G's previous dividend of $6.60. The ex-dividend date was Thursday, April 3rd. This represents a dividend yield of 4.25%. M&G's payout ratio is 285.20%.

About M&G

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.