M&G (LON:MNG) Shares Down 1% – Here’s Why

M&G plc (LON:MNG)’s stock price traded down 1% during mid-day trading on Monday. The stock traded as low as GBX 309.10 and last traded at GBX 310.91. 4,715,394 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 33,167,020 shares. The stock had previously closed at GBX 314.10.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MNG shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 335 price target on shares of M&G in a report on Wednesday, September 23rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 215 price objective on shares of M&G in a research note on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, M&G currently has an average rating of “Hold” and an average price target of GBX 685.

M&G Stock Down 1.0%

The company has a quick ratio of 0.39, a current ratio of 34.75 and a debt-to-equity ratio of 246.60. The company has a market cap of £7.41 billion, a price-to-earnings ratio of -64.77, a P/E/G ratio of -2.76 and a beta of 0.97. The stock has a fifty day moving average price of GBX 334.04 and a two-hundred day moving average price of GBX 326.44.

M&G (LON:MNG) last announced its earnings results on Thursday, September 3rd. The company reported GBX (7.10) earnings per share (EPS) for the quarter. M&G had a negative return on equity of 3.86% and a negative net margin of 0.44%. As a group, sell-side analysts expect that M&G plc will post 24.25 EPS for the current year.

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.