M&G (LON:MNG) Hits New 1-Year Low – Should You Sell?

Shares of M&G plc (LON:MNG) hit a new 52-week low on Friday . The stock traded as low as GBX 183.85 ($2.37) and last traded at GBX 183.90 ($2.37), with a volume of 21405303 shares trading hands. The stock had previously closed at GBX 195.90 ($2.53).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut their price objective on M&G from GBX 230 ($2.97) to GBX 225 ($2.90) and set a “hold” rating on the stock in a research note on Monday, February 24th.

M&G Stock Down 5.7 %

The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 218.70. The stock’s 50-day simple moving average is GBX 210.72 and its 200 day simple moving average is GBX 204.10. The firm has a market cap of £4.40 billion, a P/E ratio of 26.35, a PEG ratio of -2.76 and a beta of 1.47.

M&G (LON:MNG) last announced its earnings results on Wednesday, March 19th. The company reported GBX (15.10) (($0.19)) 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 forecast that M&G plc will post 24.2485207 EPS for the current fiscal year.

M&G Increases Dividend

The business also recently disclosed 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 ($0.30) per share. This is an increase from M&G’s previous dividend of $6.60. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a dividend yield of 4.25%. M&G’s dividend payout ratio (DPR) 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.