M&G (OTCMKTS:MGPUF) Shares Down 11.3% – Time to Sell?

M&G plc (OTCMKTS:MGPUF)’s share price traded down 11.3% during mid-day trading on Thursday . The stock traded as low as $3.28 and last traded at $3.28. 3,663 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 16,175 shares. The stock had previously closed at $3.70.

Analysts Set New Price Targets

A number of research firms have recently commented on MGPUF. Barclays upgraded shares of M&G from an “equal weight” rating to an “overweight” rating in a report on Monday, June 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of M&G in a research report on Tuesday. Finally, BNP Paribas lowered M&G from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, M&G has a consensus rating of “Hold”.

M&G Trading Down 11.3%

The firm’s fifty day moving average price is $3.60 and its two-hundred day moving average price is $3.16.

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.