Man Group Plc (LON:EMG – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 274.25 and traded as high as GBX 316.60. Man Group shares last traded at GBX 315.75, with a volume of 3,864,428 shares.
Wall Street Analysts Forecast Growth
EMG has been the subject of a number of research reports. Citigroup raised their target price on Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Man Group from GBX 310 to GBX 330 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 345 price objective on shares of Man Group in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Man Group has a consensus rating of “Hold” and an average price target of GBX 304.75.
Check Out Our Latest Stock Analysis on Man Group
Man Group Stock Performance
Insider Buying and Selling at Man Group
In other Man Group news, insider Colin Bell bought 18,050 shares of Man Group stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of GBX 276 per share, with a total value of £49,818. Also, insider Antoine Forterre sold 500,000 shares of the firm’s stock in a transaction dated 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 7.72% 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.
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