M&G (LON:MNG) Shares Up 0.8% - Should You Buy?

M&G plc (LON:MNG - Get Free Report)'s stock price traded up 0.8% during trading on Tuesday . The stock traded as high as GBX 223.80 ($2.89) and last traded at GBX 223.20 ($2.88). 788,831,688 shares were traded during trading, an increase of 1,765% from the average session volume of 42,305,922 shares. The stock had previously closed at GBX 221.40 ($2.86).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on shares of M&G from GBX 230 ($2.97) to GBX 225 ($2.91) and set a "hold" rating for the company in a research report on Monday, February 24th.

M&G Stock Up 0.2 %

The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70. The stock's 50-day simple moving average is GBX 209.97 and its 200-day simple moving average is GBX 204.45. The firm has a market capitalization of £5.18 billion, a P/E ratio of 31.02, a P/E/G ratio of -2.76 and a beta of 1.47.

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

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M&G Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, March 27th will be given a GBX 23.50 ($0.30) 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 is Thursday, March 27th. 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.