Man Group (LON:EMG) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of Man Group Plc (LON:EMG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 182.07 and traded as high as GBX 216.80. Man Group shares last traded at GBX 212.30, with a volume of 65,163,391 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EMG. Deutsche Bank Aktiengesellschaft lifted their price target on Man Group from GBX 225 to GBX 250 and gave the stock a “buy” rating in a report on Friday, October 17th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 240 price objective on shares of Man Group in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. raised their price objective on shares of Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a research note on Friday, November 14th. Finally, Citigroup upped their price target on shares of Man Group from GBX 170 to GBX 190 and gave the company a “buy” rating in a report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 222.25.

Man Group Trading Up 0.7%

The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. The firm’s fifty day moving average price is GBX 204.10 and its 200-day moving average price is GBX 182.07. The company has a market cap of £2.40 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of -1.15 and a beta of 0.71.

Insider Activity

In other Man Group news, insider Laurie Fitch acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was acquired at an average cost of GBX 178 per share, with a total value of £35,600. Corporate insiders own 7.83% 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.