M&G (LON:MNG) Reaches New 1-Year Low – Time to Sell?

Shares of M&G plc (LON:MNG) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 190.25 ($2.34) and last traded at GBX 190.35 ($2.34), with a volume of 28248355 shares traded. The stock had previously closed at GBX 197.75 ($2.43).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of M&G in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 223.33 ($2.75).

M&G Stock Performance

The company has a market cap of £4.59 billion, a P/E ratio of 2,755.00, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 228.54. The stock’s 50-day moving average price is GBX 197.22 and its 200 day moving average price is GBX 203.64.

About M&G

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through three segments: Asset Management, Life, and Wealth. It offers retirement, savings, and investment management solutions. The company also provides individual and corporate pensions, retirement, annuities, life, savings, and investment products, such as equities, fixed income, multi-asset and real estate.