Man Group (LON:EMG) Stock Price Crosses 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 Tuesday . The stock has a 200-day moving average of GBX 172.91 and traded as high as GBX 210.80. Man Group shares last traded at GBX 209.20, with a volume of 33,256,992 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EMG shares. JPMorgan Chase & Co. increased their price target on shares of Man Group from GBX 175 to GBX 188 and gave the company a “neutral” rating in a research note on Monday, October 13th. Citigroup increased their price objective on shares of Man Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Man Group from GBX 225 to GBX 250 and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 240 price objective on shares of Man Group in a research report on Wednesday, October 22nd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 235.33.

Man Group Trading Up 1.0%

The company’s 50 day moving average price is GBX 177.68 and its 200 day moving average price is GBX 172.91. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. The firm has a market cap of £2.38 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

Insider Activity at Man Group

In other Man Group news, insider Laurie Fitch acquired 20,000 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was acquired at an average price of GBX 178 per share, with a total value of £35,600. Also, insider Antoine Forterre sold 53,260 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of GBX 155, for a total transaction of £82,553. Company insiders own 7.76% 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.