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

Man Group Plc (LON:EMG) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 297.69 and traded as high as GBX 325.40. Man Group shares last traded at GBX 311.40, with a volume of 214,124,297 shares traded.

Analysts Set New Price Targets

EMG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded Man Group to a “hold” rating and upped their price target for the company from GBX 345 to GBX 360 in a research report on Friday, October 2nd. Jefferies Financial Group raised their price objective on Man Group from GBX 345 to GBX 385 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Finally, Citigroup lifted their price objective on Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 322.25.

Man Group Stock Performance

The company has a debt-to-equity ratio of 19.06, a current ratio of 2.40 and a quick ratio of 1.58. The company’s 50-day moving average price is GBX 320.32 and its two-hundred day moving average price is GBX 297.69. The company has a market capitalization of £3.45 billion, a price-to-earnings ratio of 11.08, a PEG ratio of -1.15 and a beta of 0.63.

Insider Activity

In other news, insider Antoine Forterre sold 500,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total value of £1,535,000. 7.71% of the stock is owned by corporate insiders.

About Man Group

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.