M&G (LON:MNG) Hits New 12-Month Low - What's Next?

M&G plc (LON:MNG - Get Free Report) shares reached a new 52-week low on Friday . The stock traded as low as GBX 183.85 ($2.35) and last traded at GBX 183.90 ($2.35), with a volume of 21405303 shares traded. The stock had previously closed at GBX 195.90 ($2.50).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lowered their price target on M&G from GBX 230 ($2.94) to GBX 225 ($2.88) and set a "hold" rating on the stock in a report on Monday, February 24th.

M&G Stock Down 3.3 %

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 firm has a market capitalization of £4.16 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The business has a 50 day moving average price of GBX 209 and a 200 day moving average price of GBX 203.39.

M&G (LON:MNG - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported GBX (15.10) (($0.19)) EPS for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. On average, analysts predict that M&G plc will post 24.2485207 earnings per share for the current year.

M&G Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, April 3rd were paid a dividend of GBX 23.50 ($0.30) per share. This is a boost from M&G's previous dividend of $6.60. This represents a yield of 4.25%. The ex-dividend date was Thursday, April 3rd. M&G's dividend payout ratio is presently 285.20%.

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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.