M&G (LON:MNG) Stock Price Down 1% – Here’s Why

M&G plc (LON:MNG)’s share price fell 1% on Monday. The company traded as low as GBX 309.10 and last traded at GBX 310.91. Approximately 4,715,394 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 33,167,020 shares. The stock had previously closed at GBX 314.10.

Analysts Set New Price Targets

MNG has been the subject of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 215 price objective on shares of M&G in a research note on Friday, September 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 335 target price on shares of M&G in a report on Wednesday, September 23rd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, M&G presently has a consensus rating of “Hold” and a consensus price target of GBX 685.

M&G Stock Down 1.0%

The company has a debt-to-equity ratio of 246.60, a current ratio of 34.75 and a quick ratio of 0.39. The company has a market capitalization of £7.41 billion, a P/E ratio of -64.77, a P/E/G ratio of -2.76 and a beta of 0.97. The stock has a 50-day moving average price of GBX 334.04 and a 200-day moving average price of GBX 326.44.

M&G (LON:MNG) last announced its earnings results on Thursday, September 3rd. The company reported GBX (7.10) EPS for the quarter. M&G had a negative net margin of 0.44% and a negative return on equity of 3.86%. On average, research analysts predict that M&G plc will post 24.25 EPS for the current fiscal year.

M&G Company Profile

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. M&G Investments manages assets for clients globally.

With roots stretching back more than 170 years, we have a long history of finding innovative solutions for our customers’ changing needs.