Man Group (LON:EMG) Stock Price Breaks Below Fifty Day Moving Average – Here’s Why

Shares of Man Group Plc (LON:EMG) passed 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.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EMG shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Man Group from GBX 365 to GBX 355 and set a “hold” rating on the stock in a research report on Friday. Jefferies Financial Group upped their target price on shares of 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 raised their price target on shares of Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Man Group presently has a consensus rating of “Hold” and an average price target of GBX 321.

Man Group Stock Down 5.5%

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 stock has a 50 day moving average price of GBX 325.06 and a 200 day moving average price of GBX 289.54. The company has a market cap of £3.37 billion, a P/E ratio of 10.81, a P/E/G ratio of -1.15 and a beta of 0.63.

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.