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

Man Group Plc (LON:EMG) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 247.77 and traded as high as GBX 283.40. Man Group shares last traded at GBX 279.74, with a volume of 2,881,565 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 280 target price on shares of Man Group in a research note on Friday, April 24th. Citigroup cut their price target on Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 256.

Man Group Stock Up 1.3%

The firm has a market capitalization of £3.13 billion, a P/E ratio of 18.65, a PEG ratio of -1.15 and a beta of 0.63. The firm’s 50 day moving average is GBX 261.31 and its two-hundred day moving average is GBX 247.77. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58.

Insider Buying and Selling

In other news, insider Colin Bell acquired 18,050 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of GBX 276 per share, for a total transaction of £49,818. Also, insider Anne Wade acquired 6,000 shares of the stock in a transaction dated Friday, March 20th. The shares were purchased at an average price of GBX 243 per share, for a total transaction of £14,580. Over the last quarter, insiders have purchased 29,050 shares of company stock worth $7,649,800. Corporate insiders own 7.83% 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.