M&G (OTCMKTS:MGPUF) Trading Down 1.5% – Here’s Why

M&G plc (OTCMKTS:MGPUF)’s stock price was down 1.5% during mid-day trading on Wednesday . The stock traded as low as $4.70 and last traded at $4.70. Approximately 2,000 shares changed hands during trading, a decline of 11% from the average daily volume of 2,240 shares. The stock had previously closed at $4.77.

Analyst Ratings Changes

MGPUF has been the subject of a number of analyst reports. The Goldman Sachs Group downgraded M&G to a “neutral” rating in a research report on Tuesday, April 21st. Citigroup reissued a “neutral” rating on shares of M&G in a research report on Tuesday, June 9th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of M&G in a report on Wednesday, April 8th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

M&G Stock Performance

The stock’s 50-day moving average is $4.30 and its 200-day moving average is $4.15.

About M&G

M&G plc is a UK-based savings and investment business that was demerged from Prudential plc in October 2020. Tracing its roots back to the founding of Municipal & General Securities Company Limited in 1931, the firm has grown into a diversified provider of investment management and long-term savings and retirement solutions. Headquartered in London, M&G serves both retail and institutional clients through a broad network of distribution channels.

The company’s main activities are split between asset management and savings & insurance.