M&G (LON:MNG) Reaches 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 Tuesday . The company traded as low as GBX 184 ($2.25) and last traded at GBX 191 ($2.34), with a volume of 12461178 shares trading hands. The stock had previously closed at GBX 192.60 ($2.36).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of M&G in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, M&G has an average rating of “Hold” and an average target price of GBX 223.33 ($2.73).

M&G Price Performance

The firm has a 50-day moving average of GBX 197.06 and a 200-day moving average of GBX 203.41. The stock has a market cap of £4.57 billion, a PE ratio of 2,742.14, a PEG ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 228.54, a current ratio of 1.23 and a quick ratio of 0.39.

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.