M&G (LON:MNG) Trading Up 0.5% - Time to Buy?

M&G plc (LON:MNG - Get Free Report) shares rose 0.5% during trading on Monday . The company traded as high as GBX 221.30 ($2.99) and last traded at GBX 221 ($2.99). Approximately 19,451,656 shares changed hands during trading, a decline of 24% from the average daily volume of 25,701,709 shares. The stock had previously closed at GBX 219.98 ($2.98).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lowered 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 report on Monday, February 24th.

M&G Trading Down 0.5%

The business's 50 day moving average price is GBX 204.46 and its two-hundred day moving average price is GBX 203.75. The company has a market capitalization of £5.21 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40.

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

M&G Increases Dividend

The firm 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%. This is an increase from M&G's previous dividend of $6.60. The ex-dividend date of this dividend was Thursday, April 3rd. M&G's dividend payout ratio is presently 285.20%.

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.