M&G (LON:MNG) Shares Down 0.5% – Here’s Why

M&G plc (LON:MNG)’s share price traded down 0.5% on Monday . The company traded as low as GBX 269.10 and last traded at GBX 271.10. 327,860,156 shares changed hands during mid-day trading, an increase of 1,481% from the average session volume of 20,740,682 shares. The stock had previously closed at GBX 272.40.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MNG. Berenberg Bank upgraded M&G to a “buy” rating and lifted their price target for the company from GBX 225 to GBX 342 in a research note on Friday, October 10th. JPMorgan Chase & Co. increased their price target on M&G from GBX 305 to GBX 315 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 265 price objective on shares of M&G in a research report on Monday, November 10th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 275 target price on shares of M&G in a research note on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, M&G currently has a consensus rating of “Moderate Buy” and an average target price of GBX 280.33.

M&G Stock Down 0.1%

The business has a fifty day simple moving average of GBX 262.85 and a 200 day simple moving average of GBX 257.01. The firm has a market cap of £6.44 billion, a price-to-earnings ratio of -108.72, a PEG ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39.

M&G (LON:MNG) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported GBX 10.10 earnings per share (EPS) for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. As a group, equities analysts forecast that M&G plc will post 24.2485207 EPS for the current fiscal year.

About M&G

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.

We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa.