M&G (LON:MNG) Reaches New 1-Year Low - Here's What Happened

M&G plc (LON:MNG - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as GBX 184 ($2.25) and last traded at GBX 191 ($2.33), with a volume of 12461178 shares. The stock had previously closed at GBX 192.60 ($2.35).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of M&G in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, M&G presently has an average rating of "Hold" and a consensus target price of GBX 223.33 ($2.73).

M&G Stock Up 1.4 %

The stock has a 50-day moving average of GBX 197.06 and a 200-day moving average of GBX 203.41. The company has a debt-to-equity ratio of 228.54, a current ratio of 1.23 and a quick ratio of 0.39. The firm has a market cap of £4.61 billion, a price-to-earnings ratio of 2,766.43, a P/E/G ratio of -2.76 and a beta of 1.47.

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.