M&G (LON:MNG) Stock Breaks Above 200 Day Moving Average - Time to Sell?

Key Points

• M&G shares moved above their 200-day moving average, reaching GBX 322.40 before last trading at GBX 319.80 on volume of approximately 5.9 million shares.
• Analyst sentiment is mixed: three analysts rate M&G a Buy and four rate it a Hold, resulting in a consensus rating of Hold. Recent price targets range from GBX 215 to GBX 370.
• The company reported a quarterly loss of GBX 7.10 per share, alongside a negative net margin and return on equity, while carrying a high debt-to-equity ratio of 246.60.

M&G plc (LON:MNG - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 319.12 and traded as high as GBX 322.40. M&G shares last traded at GBX 319.80, with a volume of 5,925,375 shares traded.

Analysts Set New Price Targets

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

M&G Stock 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 business has a 50-day moving average of GBX 328.41 and a 200-day moving average of GBX 319.12. The company has a market capitalization of £7.62 billion, a P/E ratio of -66.62, a P/E/G ratio of -2.76 and a beta of 0.97.

M&G (LON:MNG - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported GBX (7.10) earnings per share for the quarter. M&G had a negative net margin of 0.44% and a negative return on equity of 3.86%. On average, sell-side analysts anticipate that M&G plc will post 24.25 EPS 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.

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