Man Group (LON:EMG) Share Price Passes Above 200 Day Moving Average of $240.04

Man Group Limited (LON:EMGGet Rating)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 240.04 ($2.90) and traded as high as GBX 258.50 ($3.12). Man Group shares last traded at GBX 250.80 ($3.03), with a volume of 5,196,521 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on EMG. Credit Suisse Group reissued an “outperform” rating and set a GBX 280 ($3.38) price target on shares of Man Group in a research note on Tuesday, August 23rd. JPMorgan Chase & Co. reduced their price target on Man Group from GBX 322 ($3.89) to GBX 313 ($3.78) and set an “overweight” rating on the stock in a research note on Friday, August 5th. Barclays restated an “equal weight” rating and set a GBX 280 ($3.38) price objective on shares of Man Group in a report on Wednesday, August 3rd. Finally, Shore Capital restated a “buy” rating on shares of Man Group in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 293.50 ($3.55).

Man Group Trading Down 2.6 %

The firm has a market capitalization of £3.23 billion and a price-to-earnings ratio of 716.57. The company has a debt-to-equity ratio of 23.80, a quick ratio of 1.58 and a current ratio of 1.80. The business has a fifty day moving average price of GBX 252.95 and a 200 day moving average price of GBX 240.04.

Man Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 11th were issued a $0.06 dividend. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.71%. Man Group’s dividend payout ratio is currently 41.42%.

About Man Group

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Man Group Plc is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.

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