Man Group (LON:EMG) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Man Group Plc (LON:EMG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 252.77 and traded as high as GBX 293. Man Group shares last traded at GBX 285.60, with a volume of 474,776,750 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EMG shares. Deutsche Bank Aktiengesellschaft raised shares of Man Group to a “buy” rating and boosted their target price for the stock from GBX 280 to GBX 295 in a report on Monday, June 1st. Jefferies Financial Group reissued a “buy” rating and set a GBX 280 target price on shares of Man Group in a report on Friday, April 24th. Finally, Citigroup reduced their target price on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 267.25.

Man Group Stock Performance

The stock’s 50 day moving average price is GBX 267.94 and its 200 day moving average price is GBX 252.77. 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 company has a market capitalization of £3.14 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of -1.15 and a beta of 0.64.

Insider Activity

In other news, insider Anne Wade acquired 6,000 shares of Man Group stock in a transaction dated Friday, March 20th. The shares were bought at an average cost of GBX 243 per share, with a total value of £14,580. Also, insider Laurie Fitch acquired 5,000 shares of Man Group stock in a transaction dated Friday, March 20th. The stock was purchased at an average cost of GBX 242 per share, for a total transaction of £12,100. In the last three months, insiders have bought 29,050 shares of company stock valued at $7,649,800. 7.70% of the stock is currently owned by insiders.

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.