Man Group (LON:EMG) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Man Group Plc (LON:EMG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 282.36 and traded as high as GBX 307.80. Man Group shares last traded at GBX 306.46, with a volume of 158,743,313 shares changing hands.

Analyst Ratings Changes

A number of analysts have commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 345 price target on shares of Man Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 330 price objective on shares of Man Group in a report on Friday, September 4th. Finally, Citigroup raised 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 investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 304.75.

Man Group Price Performance

The firm’s fifty day moving average price is GBX 305.58 and its 200 day moving average price is GBX 282.36. The firm has a market capitalization of £3.40 billion, a PE ratio of 10.91, a P/E/G ratio of -1.15 and a beta of 0.63. The company has a current ratio of 2.40, a quick ratio of 1.58 and a debt-to-equity ratio of 19.06.

Insiders Place Their Bets

In related news, insider Antoine Forterre sold 500,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 307, for a total transaction of £1,535,000. Also, insider Laurie Fitch purchased 15,000 shares of the stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of GBX 285 per share, for a total transaction of £42,750. Insiders own 7.71% 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.