Man Group (LON:EMG) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Man Group Plc (LON:EMG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 266.88 and traded as high as GBX 303.40. Man Group shares last traded at GBX 300.18, with a volume of 2,144,941 shares changing hands.

Wall Street Analyst Weigh In

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

Man Group Trading Up 0.3%

The firm has a fifty day simple moving average of GBX 287.75 and a two-hundred day simple moving average of GBX 267.43. The stock has a market cap of £3.39 billion, a PE ratio of 20.29, a PEG ratio of -1.15 and a beta of 0.64. The company has a current ratio of 0.95, a quick ratio of 1.58 and a debt-to-equity ratio of 18.04.

Insider Buying and Selling

In related news, insider Colin Bell bought 18,050 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of GBX 276 per share, with a total value of £49,818. Also, insider Laurie Fitch bought 15,000 shares of the company’s stock in a transaction on Friday, June 26th. The shares were bought at an average price of GBX 285 per share, with a total value of £42,750. Company 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.