Man Group (LON:EMG) Shares Cross Above 200 Day Moving Average – What’s Next?

Man Group Plc (LON:EMG)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 276.31 and traded as high as GBX 316. Man Group shares last traded at GBX 313.40, with a volume of 10,204,316 shares traded.

Analysts Set New Price Targets

EMG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Man Group from GBX 310 to GBX 330 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and set a GBX 345 price objective on shares of Man Group in a research note on Wednesday, July 29th. Finally, Citigroup lifted their price objective on Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 304.75.

Man Group Price Performance

The company has a quick ratio of 1.58, a current ratio of 2.02 and a debt-to-equity ratio of 18.96. The stock has a market capitalization of £3.60 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of -1.15 and a beta of 0.63. The business’s 50 day simple moving average is GBX 300.09 and its 200-day simple moving average is GBX 276.57.

Insider Buying and Selling

In other news, insider Laurie Fitch acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of GBX 285 per share, with a total value of £42,750. Also, insider Antoine Forterre sold 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 307, for a total transaction of £1,535,000. Corporate insiders own 7.47% of the company’s stock.

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.