Man Group (LON:EMG) Shares Break Above 200-Day Moving Average – Here’s What Happened

Man Group Plc (LON:EMG) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 288.49 and traded as high as GBX 330.80. Man Group shares last traded at GBX 330, with a volume of 220,882,266 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EMG shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 345 price target on shares of Man Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upgraded Man Group to a “hold” rating and increased their target price for the company from GBX 345 to GBX 360 in a research note on Friday. Finally, Citigroup raised their target price on Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Man Group presently has a consensus rating of “Hold” and a consensus target price of GBX 312.25.

Man Group Trading Up 1.8%

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 firm has a market capitalization of £3.57 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of -1.15 and a beta of 0.63. The business has a 50-day moving average of GBX 313.47 and a two-hundred day moving average of GBX 288.95.

Insider Buying and Selling at Man Group

In other news, insider Antoine Forterre sold 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total transaction of £1,535,000. Insiders own 7.71% 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.