Man Group (LON:EMG) Stock Passes Above 200 Day Moving Average – Should You Sell?

Man Group Plc (LON:EMG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 270.84 and traded as high as GBX 298. Man Group shares last traded at GBX 290, with a volume of 59,152,199 shares.

Analysts Set New Price Targets

EMG has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft downgraded Man Group to a “hold” rating and raised their price target for the company from GBX 295 to GBX 310 in a report on Thursday, June 25th. Citigroup decreased their price objective on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 280 price objective on shares of Man Group in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Man Group has a consensus rating of “Hold” and a consensus price target of GBX 271.

Man Group Stock Performance

The company has a debt-to-equity ratio of 18.04, a quick ratio of 1.58 and a current ratio of 0.95. The stock has a market cap of £3.32 billion, a P/E ratio of 19.84, a P/E/G ratio of -1.15 and a beta of 0.64. The business’s 50-day moving average price is GBX 291.97 and its 200-day moving average price is GBX 271.02.

Insider Activity

In other news, insider Colin Bell bought 18,050 shares of Man Group stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of GBX 276 per share, with a total value of £49,818. Also, insider Laurie Fitch bought 15,000 shares of Man Group stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of GBX 285 per share, with a total value of £42,750. Insiders own 7.72% 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. 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.