Man Group (LON:EMG) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of Man Group Plc (LON:EMG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 201.22 and traded as high as GBX 264.80. Man Group shares last traded at GBX 264, with a volume of 1,481,539 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EMG shares. Citigroup upped their price target on shares of Man Group from GBX 190 to GBX 275 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Jefferies Financial Group raised their target price on shares of Man Group from GBX 240 to GBX 280 and gave the stock a “buy” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. upped their price target on Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a report on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Man Group from GBX 225 to GBX 250 and gave the stock a “buy” rating in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 253.50.

Man Group Stock Performance

The firm’s 50-day simple moving average is GBX 236.87 and its two-hundred day simple moving average is GBX 201.22. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The stock has a market capitalization of £2.95 billion, a PE ratio of 16.82, a PEG ratio of -1.15 and a beta of 0.71.

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.