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

Man Group Plc (LON:EMG)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 274.25 and traded as high as GBX 316.60. Man Group shares last traded at GBX 315.75, with a volume of 3,864,428 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EMG shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 345 price objective on shares of Man Group in a research note on Wednesday, July 29th. Citigroup raised their target price on Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Man Group from GBX 310 to GBX 330 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Man Group currently has a consensus rating of “Hold” and a consensus price target of GBX 304.75.

Man Group Trading Down 3.0%

The business has a 50 day moving average of GBX 296.23 and a 200-day moving average of GBX 274.25. The company has a current ratio of 2.02, a quick ratio of 1.58 and a debt-to-equity ratio of 18.96. The firm has a market capitalization of £3.41 billion, a P/E ratio of 20.43, a PEG ratio of -1.15 and a beta of 0.63.

Insider Buying and Selling at Man Group

In related news, insider Colin Bell purchased 18,050 shares of Man Group stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of GBX 276 per share, for a total transaction of £49,818. Also, insider Antoine Forterre sold 500,000 shares of the stock in a transaction 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 7.72% 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.