M&G (LON:MNG) Shares Up 0.8% – Still a Buy?

M&G plc (LON:MNG) shot up 0.8% during mid-day trading on Tuesday . The stock traded as high as GBX 223.80 ($2.90) and last traded at GBX 223.20 ($2.89). 788,831,688 shares changed hands 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 ($2.87).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on M&G from GBX 230 ($2.98) to GBX 225 ($2.92) and set a “hold” rating for the company in a report on Monday, February 24th.

M&G Price Performance

The stock has a market cap of £5.17 billion, a price-to-earnings ratio of 30.94, a PEG ratio of -2.76 and a beta of 1.47. The company’s 50 day moving average is GBX 208.99 and its 200 day moving average is GBX 204.34. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39.

M&G (LON:MNG) last posted 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%. Research analysts forecast that M&G plc will post 24.2485207 earnings per share for the current fiscal year.

M&G Increases Dividend

The company also recently announced a dividend, which will be paid on Sunday, May 25th. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 23.50 ($0.30) per share. 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 20th. M&G’s 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.