Man Group (LON:EMG) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Man Group Plc (LON:EMG)’s share price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 325.06 and traded as low as GBX 316.40. Man Group shares last traded at GBX 320, with a volume of 344,943,938 shares changing hands.

Analyst Upgrades and Downgrades

EMG has been the topic of a number of analyst reports. Citigroup lifted their target price on Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Man Group from GBX 365 to GBX 355 and set a “hold” rating for the company in a report on Friday. Finally, Jefferies Financial Group increased their price target on Man Group from GBX 345 to GBX 385 and gave the company a “buy” rating in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 321.

Man Group Price Performance

The company has a debt-to-equity ratio of 19.06, a quick ratio of 1.58 and a current ratio of 2.40. The company’s fifty day moving average price is GBX 325.06 and its 200 day moving average price is GBX 289.54. The firm has a market capitalization of £3.37 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63.

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.