M&G (LON:MNG) Shares Down 1.4% – Should You Sell?

M&G plc (LON:MNGGet Free Report) fell 1.4% 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 session volume of 34,529,914 shares. The stock had previously closed at GBX 351.

Wall Street Analyst Weigh In

MNG has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 215 price target on shares of M&G in a research report on Thursday, May 7th. Citigroup increased their target price on M&G from GBX 2,880 to GBX 2,950 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. raised their target price on M&G from GBX 315 to GBX 325 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 677.86.

Check Out Our Latest Report on M&G

M&G Stock Performance

The company has a quick ratio of 0.39, a current ratio of 1.92 and a debt-to-equity ratio of 220.41. The stock has a market capitalization of £8.37 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of -2.76 and a beta of 0.95. The stock’s 50-day simple moving average is GBX 350.08 and its 200 day simple moving average is GBX 320.33.

M&G (LON:MNGGet Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported GBX (7.10) earnings per share for the quarter. M&G had a return on equity of 9.49% and a net margin of 1.73%. Analysts expect that M&G plc will post 24.2485207 earnings per share for the current fiscal year.

About M&G

(Get Free Report)

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.

Further Reading

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