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

Man Group Plc (LON:EMG)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 233.94 and traded as high as GBX 265.60. Man Group shares last traded at GBX 263.29, with a volume of 72,254,836 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EMG. Citigroup upped their price target on shares of Man Group from GBX 190 to GBX 275 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Jefferies Financial Group upped their price target on shares of Man Group from GBX 240 to GBX 280 and gave the company a “buy” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 253.50.

Man Group Price Performance

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 firm has a market capitalization of £2.99 billion, a P/E ratio of 17.84, a P/E/G ratio of -1.15 and a beta of 0.66. The stock’s 50 day simple moving average is GBX 259.21 and its 200 day simple moving average is GBX 234.56.

Insider Buying and Selling at Man Group

In other news, insider Antoine Forterre sold 36,650 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of GBX 256, for a total transaction of £93,824. Also, insider Anne Wade acquired 6,000 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average price of GBX 243 per share, for a total transaction of £14,580. Corporate insiders own 7.83% 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.