M&G (LON:MNG) Reaches New 52-Week Low – Time to Sell?

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 traded. The stock had previously closed at GBX 192.60 ($2.36).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of M&G in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 223.33 ($2.73).

M&G Stock Performance

The stock has a fifty day simple moving average of GBX 197.03 and a two-hundred day simple moving average of GBX 203.33. The stock has a market cap of £4.72 billion, a price-to-earnings ratio of 2,835.71, a P/E/G ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 228.54, a quick ratio of 0.39 and a current ratio of 1.23.

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.