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

Man Group Plc (LON:EMG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 175.15 and traded as high as GBX 211.40. Man Group shares last traded at GBX 208.80, with a volume of 3,423,597 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EMG shares. Citigroup lifted their price objective on Man Group from GBX 170 to GBX 190 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a research note on Friday, October 17th. JPMorgan Chase & Co. raised their target price on Man Group from GBX 175 to GBX 188 and gave the company a “neutral” rating in a research report on Monday, October 13th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 240 target price on shares of Man Group in a research report on Wednesday, October 22nd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Man Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 235.33.

Man Group Price Performance

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 has a market capitalization of £2.36 billion, a price-to-earnings ratio of 13.38, a PEG ratio of -1.15 and a beta of 0.71. The stock has a 50-day moving average price of GBX 183.26 and a 200 day moving average price of GBX 175.15.

Insider Transactions at Man Group

In related news, insider Antoine Forterre sold 53,260 shares of Man Group 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. Also, insider Laurie Fitch acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was purchased at an average price of GBX 178 per share, for a total transaction of £35,600. 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.