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

Man Group Plc (LON:EMG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 238.74 and traded as high as GBX 258.11. Man Group shares last traded at GBX 258.02, with a volume of 92,880,500 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EMG shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 280 price objective on shares of Man Group in a report on Friday, April 24th. Citigroup cut their price target on Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 256.

Man Group Trading Up 1.2%

The stock has a 50 day simple moving average of GBX 256.73 and a 200-day simple moving average of GBX 239.07. The firm has a market capitalization of £2.89 billion, a P/E ratio of 17.20, a P/E/G ratio of -1.15 and a beta of 0.66. 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 Transactions at Man Group

In other Man Group news, insider Antoine Forterre sold 36,650 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total transaction of £93,824. Also, insider Laurie Fitch purchased 5,000 shares of the business’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of GBX 242 per share, with a total value of £12,100. 7.83% of the stock is currently owned by company insiders.

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.