M&G (LON:MNG) Shares Break Below Fifty Day Moving Average – What’s Next?

Shares of M&G plc (LON:MNG) passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of GBX 324.96 and traded as low as GBX 316.60. M&G shares last traded at GBX 320.10, with a volume of 3,045,449 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 215 price objective on shares of M&G in a research note on Friday, September 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 335 price target on shares of M&G in a report on Wednesday, September 23rd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 370 target price on shares of M&G in a research note on Tuesday, October 20th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 689.

M&G Price Performance

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’s 50 day simple moving average is GBX 324.96 and its 200 day simple moving average is GBX 320.05. The company has a market capitalization of £7.63 billion, a PE ratio of -66.69, a price-to-earnings-growth ratio of -2.76 and a beta of 0.97.

M&G (LON:MNG) last announced its earnings results on Thursday, September 3rd. The company reported GBX (7.10) earnings per share (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, sell-side analysts predict that M&G plc will post 24.25 earnings per share for the current year.

About M&G

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.