Man Group (LON:EMG) Stock Crosses Above 200-Day Moving Average of $242.22

Shares of Man Group Limited (LON:EMGGet Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 242.22 ($2.93) and traded as high as GBX 251.80 ($3.04). Man Group shares last traded at GBX 251.60 ($3.04), with a volume of 2,754,556 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Credit Suisse Group reiterated an “outperform” rating and set a GBX 280 ($3.38) target price on shares of Man Group in a report on Tuesday, August 23rd. JPMorgan Chase & Co. decreased their target price on shares of Man Group from GBX 322 ($3.89) to GBX 313 ($3.78) and set an “overweight” rating for the company in a research note on Friday, August 5th. Shore Capital reiterated a “buy” rating on shares of Man Group in a research note on Tuesday, August 2nd. Finally, Barclays reiterated an “equal weight” rating and set a GBX 280 ($3.38) target price on shares of Man Group in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 293.50 ($3.55).

Man Group Stock Performance

The firm has a market cap of £3.24 billion and a PE ratio of 718.86. The company has a current ratio of 1.80, a quick ratio of 1.58 and a debt-to-equity ratio of 23.80. The firm’s 50 day simple moving average is GBX 252.54 and its 200 day simple moving average is GBX 242.22.

Man Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 9th. Stockholders of record on Thursday, August 11th were given a dividend of $0.06 per share. This represents a dividend yield of 1.71%. The ex-dividend date was Thursday, August 11th. Man Group’s dividend payout ratio is 41.42%.

About Man Group

(Get Rating)

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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