M&G plc (LON:MNG – Get Free Report) shares dropped 1% during mid-day trading on Monday. The stock traded as low as GBX 309.10 and last traded at GBX 310.91. 4,715,394 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 33,167,020 shares. The stock had previously closed at GBX 314.10.
Analyst Ratings Changes
Several brokerages have recently commented on MNG. Berenberg Bank reaffirmed a “buy” rating and set a GBX 370 price target on shares of M&G in a research report on Tuesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 335 price objective on shares of M&G in a report on Wednesday, September 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 215 price target on shares of M&G in a research report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, M&G has an average rating of “Hold” and an average target price of GBX 689.
Check Out Our Latest Analysis on MNG
M&G Stock Performance
The company’s 50-day moving average price is GBX 333.22 and its two-hundred day moving average price is GBX 326.61. The company has a market cap of £7.47 billion, a P/E ratio of -65.33, a price-to-earnings-growth ratio of -2.76 and a beta of 0.97. The company has a current ratio of 34.75, a quick ratio of 0.39 and a debt-to-equity ratio of 246.60.
M&G (LON:MNG – Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported GBX (7.10) EPS for the quarter. M&G had a negative return on equity of 3.86% and a negative net margin of 0.44%. As a group, equities analysts forecast that M&G plc will post 24.25 earnings per share for the current 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.
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