M&G (LON:MNG) Trading Down 0.5% – Time to Sell?

M&G plc (LON:MNG) dropped 0.5% during trading on Monday . The company traded as low as GBX 207.20 ($2.69) and last traded at GBX 207.30 ($2.69). Approximately 4,942,141 shares changed hands during trading, a decline of 40% from the average daily volume of 8,229,267 shares. The stock had previously closed at GBX 208.30 ($2.70).

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MNG shares. Royal Bank of Canada restated a “sector perform” rating and set a GBX 220 ($2.86) target price on shares of M&G in a research report on Wednesday, September 11th. Berenberg Bank reiterated a “hold” rating and issued a GBX 225 ($2.92) target price on shares of M&G in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 240 ($3.12) target price on shares of M&G in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 223.33 ($2.90).

M&G Stock Down 1.7 %

The stock has a fifty day moving average price of GBX 208.64 and a 200-day moving average price of GBX 205.44. The firm has a market cap of £4.81 billion, a PE ratio of 2,888.57, a PEG 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 Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were given a GBX 6.60 ($0.09) dividend. This represents a dividend yield of 3.05%. The ex-dividend date was Thursday, September 12th. M&G’s payout ratio is currently 28,571.43%.

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.