M&G (LON:MNG) Trading Down 1.4% – Time to Sell?

M&G plc (LON:MNG)’s stock price traded down 1.4% during trading on Tuesday . The company traded as low as GBX 343.90 and last traded at GBX 346. Approximately 5,325,535 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 34,529,914 shares. The stock had previously closed at GBX 351.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group reiterated a “neutral” rating and set a GBX 300 target price on shares of M&G in a research report on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 215 price target on shares of M&G in a report on Thursday, May 7th. Citigroup upped their price objective on shares of M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of M&G from GBX 315 to GBX 325 and gave the stock a “neutral” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 677.86.

M&G Stock Performance

The company has a market cap of £8.24 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of -2.76 and a beta of 0.95. The stock’s fifty day simple moving average is GBX 349.89 and its two-hundred day simple moving average is GBX 320.12. The company has a debt-to-equity ratio of 220.41, a quick ratio of 0.39 and a current ratio of 1.92.

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. M&G Investments manages assets for clients globally.

With roots stretching back more than 170 years, we have a long history of finding innovative solutions for our customers’ changing needs.