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

M&G plc (LON:MNG - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as GBX 191.45 ($2.41) and last traded at GBX 192.60 ($2.42), with a volume of 12388643 shares. The stock had previously closed at GBX 195.05 ($2.45).

Analyst Ratings Changes

A number of analysts have issued reports on MNG shares. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 225 ($2.83) target price on shares of M&G in a report on Thursday, September 5th. Royal Bank of Canada restated a "sector perform" rating and issued a GBX 220 ($2.77) price objective on shares of M&G in a research note on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of M&G in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of GBX 223.33 ($2.81).

M&G Price Performance

The company has a market cap of £4.61 billion, a price-to-earnings ratio of 2,767.86, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 228.54. The company has a fifty day moving average price of GBX 200.15 and a two-hundred day moving average price of GBX 204.44.

M&G Company Profile

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.