Man Group (LON:EMG) Shares Pass Above 200-Day Moving Average – Here’s Why

Man Group Plc (LON:EMG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 270.84 and traded as high as GBX 298. Man Group shares last traded at GBX 290, with a volume of 59,152,199 shares traded.

Analyst Ratings Changes

Several brokerages recently issued reports on EMG. Deutsche Bank Aktiengesellschaft cut shares of Man Group to a “hold” rating and boosted their price target for the company from GBX 295 to GBX 310 in a research report on Thursday, June 25th. Citigroup lowered their price objective on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 280 price objective on shares of Man Group in a research report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 271.

Man Group Stock Performance

The company has a debt-to-equity ratio of 18.04, a quick ratio of 1.58 and a current ratio of 0.95. The stock has a market capitalization of £3.23 billion, a P/E ratio of 19.33, a PEG ratio of -1.15 and a beta of 0.64. The business has a 50-day moving average price of GBX 291.62 and a 200 day moving average price of GBX 270.84.

Insiders Place Their Bets

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

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.