M&G (LON:MNG) Sets New 52-Week Low – Should You Sell?

Shares of M&G plc (LON:MNG) reached a new 52-week low 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 changing hands. The stock had previously closed at GBX 192.60 ($2.36).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed 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 given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 223.33 ($2.73).

M&G Stock Up 0.5 %

The company has a debt-to-equity ratio of 228.54, a current ratio of 1.23 and a quick ratio of 0.39. The business has a fifty 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 price-to-earnings-growth ratio of -2.76 and a beta of 1.47.

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.