M&G (LON:MNG) Hits New 12-Month Low – What’s Next?

M&G plc (LON:MNG)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 190.25 ($2.37) and last traded at GBX 190.35 ($2.37), with a volume of 28248355 shares traded. The stock had previously closed at GBX 197.75 ($2.47).

Analysts Set New Price Targets

Several equities research analysts have issued reports on MNG shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of M&G in a research note on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 220 ($2.74) price objective on shares of M&G in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, M&G currently has an average rating of “Hold” and an average target price of GBX 223.33 ($2.79).

M&G Price Performance

The company’s fifty day moving average is GBX 197.49 and its two-hundred day moving average is GBX 203.84. The stock has a market cap of £4.52 billion, a price-to-earnings ratio of 2,710.56, a P/E/G ratio of -2.76 and a beta of 1.47. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 228.54.

About M&G

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.