Man Group (LON:EMG) Share Price Passes Above 200-Day Moving Average – Here’s Why

Man Group Plc (LON:EMG)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 226.90 and traded as high as GBX 249. Man Group shares last traded at GBX 246.84, with a volume of 4,134,544 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup upped their price objective on Man Group from GBX 190 to GBX 275 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Jefferies Financial Group boosted their target price on shares of Man Group from GBX 240 to GBX 280 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 253.50.

Man Group Stock Performance

The stock’s fifty day simple moving average is GBX 260.25 and its 200-day simple moving average is GBX 227.81. The company has a quick ratio of 1.58, a current ratio of 0.95 and a debt-to-equity ratio of 18.04. The company has a market capitalization of £2.92 billion, a PE ratio of 16.68, a PEG ratio of -1.15 and a beta of 0.66.

Insider Transactions at Man Group

In related news, insider Robyn Grew sold 210,263 shares of Man Group stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total transaction of £538,273.28. Also, insider Laurie Fitch bought 5,000 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of GBX 242 per share, for a total transaction of £12,100. Corporate insiders own 7.83% of the company’s stock.

Man Group Company Profile

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.