M&G (LON:MNG) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

M&G plc (LON:MNG) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 319.12 and traded as high as GBX 322.40. M&G shares last traded at GBX 319.80, with a volume of 5,925,375 shares changing hands.

Analyst Ratings Changes

MNG has been the subject of a number of research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 335 target price on shares of M&G in a research note on Wednesday, September 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 215 price objective on shares of M&G in a report on Friday, September 4th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 370 price objective on shares of M&G in a research note on Tuesday, October 20th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 689.

M&G Price Performance

The stock’s 50-day moving average price is GBX 327.41 and its 200 day moving average price is GBX 319.38. 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 firm has a market capitalization of £7.63 billion, a price-to-earnings ratio of -66.69, a PEG ratio of -2.76 and a beta of 0.97.

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

About M&G

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.