Man Group (LON:EMG) Shares Pass Above 200 Day Moving Average – What’s Next?

Man Group Plc (LON:EMG) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 280.25 and traded as high as GBX 310.20. Man Group shares last traded at GBX 309.09, with a volume of 1,957,211 shares traded.

Wall Street Analyst Weigh In

EMG has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 345 price target on shares of Man Group in a research note on Wednesday, July 29th. Citigroup upped their price objective on shares of Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Man Group from GBX 310 to GBX 330 and gave the company a “hold” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Man Group has an average rating of “Hold” and a consensus target price of GBX 304.75.

Man Group Stock Down 0.3%

The business’s 50 day moving average is GBX 303.72 and its 200 day moving average is GBX 280.53. The company has a quick ratio of 1.58, a current ratio of 2.40 and a debt-to-equity ratio of 19.06. The company has a market cap of £3.44 billion, a P/E ratio of 10.68, a P/E/G ratio of -1.15 and a beta of 0.63.

Insiders Place Their Bets

In related news, insider Antoine Forterre sold 500,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total transaction of £1,535,000. Also, insider Laurie Fitch acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average cost of GBX 285 per share, for a total transaction of £42,750. 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.