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

Man Group Plc (LON:EMG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 252.77 and traded as high as GBX 293. Man Group shares last traded at GBX 285.60, with a volume of 474,776,750 shares trading hands.

Analyst Ratings Changes

EMG has been the topic of a number of recent research reports. Citigroup dropped their price objective on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Jefferies Financial Group restated a “buy” rating and issued a GBX 280 price objective on shares of Man Group in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Man Group to a “buy” rating and lifted their price objective for the company from GBX 280 to GBX 295 in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 267.25.

Man Group Stock Down 0.5%

The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58. The firm’s 50-day simple moving average is GBX 269.29 and its two-hundred day simple moving average is GBX 253.90. The company has a market capitalization of £3.15 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of -1.15 and a beta of 0.64.

Insider Buying and Selling at Man Group

In other Man Group news, insider Colin Bell purchased 18,050 shares of Man Group stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of GBX 276 per share, with a total value of £49,818. Also, insider Laurie Fitch purchased 5,000 shares of Man Group stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of GBX 242 per share, for a total transaction of £12,100. Insiders have acquired 29,050 shares of company stock valued at $7,649,800 over the last quarter. Corporate insiders own 7.70% 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.