M&G (LON:MNG) Hits New 52-Week High – Here’s What Happened

Shares of M&G plc (LON:MNG) reached a new 52-week high on Thursday . The company traded as high as GBX 255.70 ($3.47) and last traded at GBX 254.60 ($3.45), with a volume of 10352901 shares. The stock had previously closed at GBX 253.90 ($3.45).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut their price target on M&G from GBX 230 ($3.12) to GBX 225 ($3.05) and set a “hold” rating on the stock in a report on Monday, February 24th.

M&G Stock Down 0.5%

The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. The stock’s 50 day simple moving average is GBX 215.29 and its 200 day simple moving average is GBX 208.03. The firm has a market cap of £6.07 billion, a P/E ratio of 36.33, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47.

M&G (LON:MNG) last issued its quarterly earnings data 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%. Research analysts anticipate that M&G plc will post 24.2485207 EPS for the current 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 paid a dividend of GBX 23.50 ($0.32) per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a yield of 4.25%. This is an increase from M&G’s previous dividend of $6.60. M&G’s payout ratio is 285.20%.

Insider Transactions at M&G

In other news, insider Clive Adamson bought 600 shares of M&G stock in a transaction dated Tuesday, June 3rd. The stock was purchased at an average price of GBX 237 ($3.22) per share, for a total transaction of £1,422 ($1,929.44). Company insiders own 1.75% of the company’s stock.

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.