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

Shares of M&G plc (LON:MNG) traded down 1.4% during mid-day trading on Tuesday . The company traded as low as GBX 343.90 and last traded at GBX 346. Approximately 5,325,535 shares were traded 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

MNG has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 215 price target on shares of M&G in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on M&G from GBX 315 to GBX 325 and gave the company a “neutral” rating in a research note on Friday, May 8th. UBS Group reiterated a “neutral” rating and set a GBX 300 price objective on shares of M&G in a research report on Tuesday, May 5th. Finally, Citigroup lifted their price objective on M&G from GBX 2,880 to GBX 2,950 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, M&G has a consensus rating of “Hold” and an average price target of GBX 677.86.

M&G Stock Down 1.4%

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 firm has a market cap of £8.24 billion, a PE ratio of 28.13, a P/E/G ratio of -2.76 and a beta of 0.95. The firm’s 50 day moving average is GBX 349.89 and its 200-day moving average is GBX 320.12.

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.