Man Group (LON:EMG) Shares Cross Above 200 Day Moving Average – What’s Next?

Man Group Plc (LON:EMG) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 182.07 and traded as high as GBX 216.80. Man Group shares last traded at GBX 212.30, with a volume of 65,163,391 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EMG. JPMorgan Chase & Co. boosted their price objective on shares of Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a research report on Friday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a research note on Friday, October 17th. Citigroup increased their price target on Man Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 240 price objective on shares of Man Group in a research report on Wednesday, October 22nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Man Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 222.25.

Man Group Price Performance

The business has a fifty day moving average price of GBX 204.51 and a 200 day moving average price of GBX 182.41. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. The company has a market capitalization of £2.36 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

Insider Activity at Man Group

In related news, insider Laurie Fitch purchased 20,000 shares of Man Group stock in a transaction dated Tuesday, September 23rd. The stock was bought at an average cost of GBX 178 per share, with a total value of £35,600. Company insiders own 7.83% of the company’s stock.

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.