M&G (LON:MNG) Reaches New 52-Week Low – Time to Sell?

M&G plc (LON:MNG) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 183.85 ($2.41) and last traded at GBX 183.90 ($2.41), with a volume of 21405303 shares trading hands. The stock had previously closed at GBX 195.90 ($2.57).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft dropped their price target on shares of M&G from GBX 230 ($3.01) to GBX 225 ($2.95) and set a “hold” rating on the stock in a report on Monday, February 24th.

M&G Trading Down 6.2 %

The stock’s 50-day simple moving average is GBX 211.12 and its two-hundred day simple moving average is GBX 204.24. The firm has a market capitalization of £4.38 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. 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 announced its quarterly 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%. Equities research analysts expect 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 will be paid on Tuesday, April 8th. Stockholders of record on Thursday, April 3rd will be given a dividend of GBX 23.50 ($0.31) per share. This is an increase from M&G’s previous dividend of $6.60. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, April 3rd. M&G’s dividend payout ratio is currently 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.