Man Group (LON:EMG) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Man Group Plc (LON:EMG) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 171.64 ($2.29) and traded as high as GBX 192.60 ($2.57). Man Group shares last traded at GBX 188.70 ($2.52), with a volume of 1,784,339 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EMG shares. Deutsche Bank Aktiengesellschaft increased their price objective on Man Group from GBX 215 to GBX 225 and gave the stock a “buy” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. increased their target price on shares of Man Group from GBX 170 to GBX 175 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Finally, Citigroup increased their target price on shares of Man Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 226.80.

Man Group Stock Performance

The firm has a fifty day simple moving average of GBX 168.22 and a 200-day simple moving average of GBX 171.64. 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 stock has a market cap of £2.12 billion, a price-to-earnings ratio of 1,201.91, a P/E/G ratio of -1.15 and a beta of 0.71.

Insider Buying and Selling at Man Group

In other Man Group news, insider Antoine Forterre sold 53,260 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of GBX 155, for a total transaction of £82,553. Also, insider Laurie Fitch bought 20,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were acquired at an average price of GBX 178 per share, with a total value of £35,600. Insiders own 7.76% 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.