Man Group (LON:EMG) Stock Passes Above 200-Day Moving Average – Should You Sell?

Man Group Plc (LON:EMG) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 180.32 and traded as high as GBX 209. Man Group shares last traded at GBX 205, with a volume of 2,067,649 shares traded.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a research note on Friday, November 14th. Jefferies Financial Group restated a “buy” rating and set a GBX 240 target price on shares of Man Group in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Citigroup boosted their price objective on Man Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 238.83.

Man Group Price Performance

The firm has a market cap of £2.29 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of -1.15 and a beta of 0.71. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The stock’s fifty day moving average price is GBX 199.71 and its 200-day moving average price is GBX 180.32.

Insider Buying and Selling at Man Group

In other Man Group news, insider Laurie Fitch purchased 20,000 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was acquired at an average cost of GBX 178 per share, for a total transaction of £35,600. Also, insider Antoine Forterre sold 53,260 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of GBX 155, for a total value of £82,553. 7.82% of the stock is owned by company 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.