Man Group (LON:EMG) Stock Price Crosses Above 200 Day Moving Average of $235.10

Man Group Plc (LON:EMG)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 235.10 ($2.90) and traded as high as GBX 250.60 ($3.10). Man Group shares last traded at GBX 247 ($3.05), with a volume of 2,048,067 shares traded.

Analysts Set New Price Targets

EMG has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their target price on Man Group from GBX 323 ($3.99) to GBX 318 ($3.93) and set an “overweight” rating on the stock in a research report on Tuesday, February 20th. Numis Securities reiterated an “add” rating and set a GBX 300 ($3.71) price target on shares of Man Group in a report on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 292.67 ($3.61).

Man Group Price Performance

The company has a fifty day moving average of GBX 255.41 and a 200-day moving average of GBX 235.10. The firm has a market cap of £2.89 billion, a P/E ratio of 1,646.67, a P/E/G ratio of -1.15 and a beta of 0.74. The company has a debt-to-equity ratio of 29.03, a current ratio of 2.04 and a quick ratio of 1.58.

Man Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, April 11th. This represents a yield of 3.5%. This is an increase from Man Group’s previous dividend of $0.06. Man Group’s dividend payout ratio is 8,666.67%.

Insider Buying and Selling

In other Man Group news, insider Antoine Forterre sold 75,484 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of GBX 249 ($3.08), for a total value of £187,955.16 ($232,158.05). 2.07% of the stock is currently owned by corporate insiders.

Man Group Company Profile

Man Group Limited 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.