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

M&G plc (LON:MNG) shares shot up 0.5% on Monday . The company traded as high as GBX 221.30 ($2.96) and last traded at GBX 221 ($2.95). 19,451,656 shares changed hands during mid-day trading, a decline of 24% from the average session 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 target on M&G from GBX 230 ($3.07) to GBX 225 ($3.01) and set a “hold” rating on the stock in a research note on Monday, February 24th.

M&G Trading Up 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 business has a fifty day simple moving average of GBX 204.34 and a 200 day simple moving average of GBX 203.06. The stock has a market capitalization of £5.26 billion, a price-to-earnings ratio of 31.51, 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)) EPS for the quarter. M&G had a net margin of 1.85% and a return on equity of 4.31%. As a group, research analysts expect that M&G plc will post 24.2485207 EPS for the current year.

M&G Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, April 3rd were issued a dividend of GBX 23.50 ($0.31) per share. This is a positive change from M&G’s previous dividend of $6.60. This represents a dividend yield of 4.25%. The ex-dividend date was Thursday, April 3rd. M&G’s dividend payout ratio is 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.