Man Group (LON:EMG) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Man Group Plc (LON:EMG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 247.77 and traded as high as GBX 283.40. Man Group shares last traded at GBX 279.74, with a volume of 2,881,565 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup reduced their target price on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 280 price target on shares of Man Group in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Man Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 256.

Man Group Stock Up 0.6%

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 stock has a market cap of £3.08 billion, a price-to-earnings ratio of 18.32, a PEG ratio of -1.15 and a beta of 0.63. The business’s fifty day moving average is GBX 262.04 and its two-hundred day moving average is GBX 248.42.

Insider Transactions at Man Group

In related news, insider Antoine Forterre sold 36,650 shares of Man Group stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of GBX 256, for a total value of £93,824. Also, insider Anne Wade acquired 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average price of GBX 243 per share, with a total value of £14,580. In the last ninety days, insiders have acquired 29,050 shares of company stock valued at $7,649,800. 7.83% of the stock is owned by corporate insiders.

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.