M&G (LON:MNG) Shares Up 0.5% – Still a Buy?

Shares of M&G plc (LON:MNG) were up 0.5% on Monday . The stock traded as high as GBX 221.30 ($2.96) and last traded at GBX 221 ($2.95). 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 ($2.94).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on M&G from GBX 230 ($3.07) to GBX 225 ($3.01) and set a “hold” rating for the company in a research report on Monday, February 24th.

M&G Stock Up 0.5%

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 stock has a market capitalization of £5.26 billion, a P/E ratio of 31.51, a P/E/G ratio of -2.76 and a beta of 1.47. The firm has a 50-day simple moving average of GBX 204.34 and a 200 day simple moving average of GBX 203.06.

M&G (LON:MNG) last posted its earnings results on Wednesday, March 19th. The company reported GBX (15.10) (($0.20)) EPS for the quarter. M&G had a net margin of 1.85% and a return on equity of 4.31%. On average, equities research analysts forecast that M&G plc will post 24.2485207 EPS for the current year.

M&G Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, April 3rd were given a GBX 23.50 ($0.31) dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This is an increase from M&G’s previous dividend of $6.60. This represents a yield of 4.25%. M&G’s dividend payout ratio (DPR) is currently 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.