Man Group (LON:EMG) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Man Group Plc (LON:EMG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 194.24 and traded as high as GBX 268.20. Man Group shares last traded at GBX 263, with a volume of 2,002,701 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Man Group from GBX 188 to GBX 209 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a report on Friday, October 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 240 price objective on shares of Man Group in a research note on Wednesday, October 22nd. Finally, Citigroup lifted their price objective on Man Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 222.25.

Man Group Price Performance

The firm has a market capitalization of £2.94 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The firm has a 50 day moving average price of GBX 223.40 and a 200-day moving average price of GBX 194.24.

About Man Group

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers’ capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.