Man Group (LON:EMG) Shares Down 6.2% – Should You Sell?

Shares of Man Group Plc (LON:EMG) were down 6.2% during mid-day trading on Thursday . The stock traded as low as GBX 243.20 and last traded at GBX 247.20. Approximately 3,866,899 shares were traded during trading, a decline of 50% from the average daily volume of 7,684,876 shares. The stock had previously closed at GBX 263.40.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EMG shares. Citigroup lifted their price target on shares of Man Group from GBX 190 to GBX 275 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Jefferies Financial Group boosted their target price on shares of Man Group from GBX 240 to GBX 280 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 253.50.

Man Group Stock Performance

The company has a market capitalization of £2.77 billion, a P/E ratio of 16.48, a P/E/G ratio of -1.15 and a beta of 0.66. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58. The stock’s 50 day simple moving average is GBX 259.66 and its two-hundred day simple moving average is GBX 231.17.

Insider Activity at Man Group

In related news, insider Laurie Fitch bought 5,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was bought at an average cost of GBX 242 per share, with a total value of £12,100. Also, insider Robyn Grew sold 210,263 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total transaction of £538,273.28. Insiders own 7.83% of the company’s stock.

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.