Man Group (LON:EMG) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Man Group Plc (LON:EMG)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 252.77 and traded as high as GBX 293. Man Group shares last traded at GBX 285.60, with a volume of 474,776,750 shares changing hands.

Wall Street Analyst Weigh In

EMG has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Man Group to a “buy” rating and boosted their target price for the company from GBX 280 to GBX 295 in a research report on Monday, June 1st. Citigroup dropped their target price on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research report on Monday, April 20th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 280 target price on shares of Man Group in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 267.25.

Man Group Stock Performance

The stock’s 50-day moving average is GBX 267.94 and its 200-day moving average is GBX 252.77. The firm has a market capitalization of £3.14 billion, a price-to-earnings ratio of 18.71, a PEG ratio of -1.15 and a beta of 0.64. The company has a current ratio of 0.95, a quick ratio of 1.58 and a debt-to-equity ratio of 18.04.

Insider Buying and Selling

In related news, insider Colin Bell acquired 18,050 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of GBX 276 per share, for a total transaction of £49,818. Also, insider Laurie Fitch acquired 5,000 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of GBX 242 per share, with a total value of £12,100. Insiders purchased a total of 29,050 shares of company stock worth $7,649,800 in the last three months. 7.70% of the stock is owned by corporate 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.