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

Man Group Plc (LON:EMGGet Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 263.24 and traded as high as GBX 304.40. Man Group shares last traded at GBX 298, with a volume of 2,306,492 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citigroup dropped their price objective on Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft lowered shares of Man Group to a “hold” rating and upped their target price for the company from GBX 295 to GBX 310 in a report on Thursday, June 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 280 price target on shares of Man Group in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 271.

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Man Group Price Performance

The company has a fifty day simple moving average of GBX 280.66 and a two-hundred day simple moving average of GBX 263.24. The company has a debt-to-equity ratio of 18.04, a quick ratio of 1.58 and a current ratio of 0.95. The company has a market capitalization of £3.33 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of -1.15 and a beta of 0.64.

Insider Buying and Selling at Man Group

In other Man Group news, insider Colin Bell bought 18,050 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of GBX 276 per share, for a total transaction of £49,818. Also, insider Laurie Fitch bought 15,000 shares of Man Group stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average price of GBX 285 per share, for a total transaction of £42,750. 7.70% of the stock is owned by company insiders.

Man Group Company Profile

(Get Free Report)

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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