M&G (LON:MNG) Hits New 12-Month Low – Should You Sell?

M&G plc (LON:MNG) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 190.25 ($2.34) and last traded at GBX 190.35 ($2.34), with a volume of 28248355 shares. The stock had previously closed at GBX 197.75 ($2.43).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated 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 issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, M&G currently has a consensus rating of “Hold” and an average price target of GBX 223.33 ($2.75).

M&G Trading Down 0.0 %

The business’s 50 day moving average price is GBX 197.22 and its two-hundred day moving average price is GBX 203.64. The company has a debt-to-equity ratio of 228.54, a quick ratio of 0.39 and a current ratio of 1.23. The company has a market capitalization of £4.59 billion, a price-to-earnings ratio of 2,755.00, a price-to-earnings-growth 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.