Man Group (LON:EMG) Share Price Breaks Above 200 Day Moving Average – Time to Sell?

Man Group Plc (LON:EMG)’s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 293.69 and traded as high as GBX 345. Man Group shares last traded at GBX 345, with a volume of 4,886,721 shares traded.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup upped their price objective on Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft raised Man Group to a “hold” rating and raised their price objective for the company from GBX 345 to GBX 360 in a research report on Friday, October 2nd. Finally, Jefferies Financial Group lifted their target price on Man Group from GBX 345 to GBX 385 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Man Group currently has a consensus rating of “Hold” and an average target price of GBX 322.25.

Man Group Trading Down 0.4%

The business has a fifty day moving average price of GBX 318.56 and a 200-day moving average price of GBX 294.92. The company has a quick ratio of 1.58, a current ratio of 2.40 and a debt-to-equity ratio of 19.06. The company has a market cap of £3.73 billion, a P/E ratio of 11.97, a PEG ratio of -1.15 and a beta of 0.63.

Insiders Place Their Bets

In related news, insider Antoine Forterre sold 500,000 shares of Man Group stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total transaction of £1,535,000. 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.