M&G (LON:MNG) Reaches New 1-Year Low – Here’s Why

M&G plc (LON:MNG)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 191.45 ($2.41) and last traded at GBX 192.60 ($2.42), with a volume of 12388643 shares trading hands. The stock had previously closed at GBX 195.05 ($2.45).

Analysts Set New Price Targets

MNG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of M&G in a research note on Friday, December 6th. Berenberg Bank restated a “hold” rating and set a GBX 225 ($2.83) target price on shares of M&G in a report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 220 ($2.76) target price on shares of M&G in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 223.33 ($2.81).

M&G Stock Down 0.5 %

The firm has a market capitalization of £4.59 billion, a P/E ratio of 2,754.29, a PEG ratio of -2.76 and a beta of 1.47. The firm’s 50 day moving average is GBX 199.71 and its two-hundred day moving average is GBX 204.33. The company has a debt-to-equity ratio of 228.54, a current ratio of 1.23 and a quick ratio of 0.39.

M&G Company Profile

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through three segments: Asset Management, Life, and Wealth. It offers retirement, savings, and investment management solutions. The company also provides individual and corporate pensions, retirement, annuities, life, savings, and investment products, such as equities, fixed income, multi-asset and real estate.