Man Group (LON:EMG) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Man Group Plc (LON:EMG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 266.88 and traded as high as GBX 303.40. Man Group shares last traded at GBX 300.18, with a volume of 2,144,941 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 280 target price on shares of Man Group in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft downgraded Man Group to a “hold” rating and increased their price target for the stock from GBX 295 to GBX 310 in a research note on Thursday, June 25th. Finally, Citigroup decreased their price objective on Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 271.

Man Group Trading Up 0.1%

The firm’s 50-day moving average price is GBX 286.81 and its 200-day moving average price is GBX 266.88. The company has a quick ratio of 1.58, a current ratio of 0.95 and a debt-to-equity ratio of 18.04. The company has a market cap of £3.35 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of -1.15 and a beta of 0.64.

Insider Activity at Man Group

In other Man Group news, insider Laurie Fitch bought 15,000 shares of the stock in a transaction on Friday, June 26th. The shares were acquired at an average price of GBX 285 per share, with a total value of £42,750. Also, insider Colin Bell bought 18,050 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of GBX 276 per share, for a total transaction of £49,818. 7.72% of the stock is currently owned by company insiders.

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.