Shares of Man Group Plc (LON:EMG – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 278.28 and traded as high as GBX 304.80. Man Group shares last traded at GBX 303.80, with a volume of 2,165,369 shares.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. 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 note on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating and set a GBX 345 price objective on shares of Man Group in a research report on Wednesday, July 29th. Finally, Citigroup raised their price objective on shares of Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Man Group currently has an average rating of “Hold” and an average target price of GBX 304.75.
Get Our Latest Stock Report on EMG
Man Group Price Performance
Insider Buying and Selling at Man Group
In other news, insider Laurie Fitch purchased 15,000 shares of the company’s stock in a transaction on Friday, June 26th. The shares were purchased 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 company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total transaction of £1,535,000. 7.47% of the stock is currently owned by company 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.
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