M&G (LON:MNG) Hits New 52-Week Low – Should You Sell?

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

Wall Street Analyst Weigh In

MNG has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 220 ($2.77) target price on shares of M&G in a research note on Wednesday, September 11th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 225 ($2.83) target price on shares of M&G in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of M&G in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, M&G currently has a consensus rating of “Hold” and an average price target of GBX 223.33 ($2.81).

M&G Price Performance

The firm’s 50 day simple moving average is GBX 200.15 and its two-hundred day simple moving average is GBX 204.44. The company has a debt-to-equity ratio of 228.54, a current ratio of 1.23 and a quick ratio of 0.39. The firm has a market capitalization of £4.59 billion, a P/E ratio of 2,756.50, a P/E/G ratio of -2.76 and a beta of 1.47.

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.