Man Group (LON:EMG) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Man Group Plc (LON:EMG)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analysts Set New Price Targets

Several brokerages recently issued reports on EMG. Jefferies Financial Group reissued a “buy” rating and issued a GBX 345 price target on shares of Man Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price 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. Finally, Citigroup upped their target price on shares of Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 304.75.

Man Group Trading Down 0.1%

The firm has a market capitalization of £3.57 billion, a P/E ratio of 11.10, a PEG ratio of -1.15 and a beta of 0.63. The business’s 50 day moving average is GBX 297.75 and its two-hundred day moving average is GBX 274.79. The company has a quick ratio of 1.58, a current ratio of 2.02 and a debt-to-equity ratio of 18.96.

Insider Transactions at Man Group

In other Man Group news, insider Antoine Forterre sold 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total value of £1,535,000. Also, insider Colin Bell purchased 18,050 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of GBX 276 per share, with a total value of £49,818. Company insiders own 7.47% 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. 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.