Man Group (LON:EMG) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Man Group Plc (LON:EMG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 222.21 and traded as high as GBX 251.60. Man Group shares last traded at GBX 242.60, with a volume of 33,750,223 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Citigroup lifted their price target on Man Group from GBX 190 to GBX 275 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Jefferies Financial Group upped their price target on shares of Man Group from GBX 240 to GBX 280 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Man Group presently has an average rating of “Moderate Buy” and an average price target of GBX 253.50.

Man Group Stock Performance

The firm has a market cap of £2.71 billion, a price-to-earnings ratio of 15.45, a PEG ratio of -1.15 and a beta of 0.66. The company has a quick ratio of 1.58, a current ratio of 33.63 and a debt-to-equity ratio of 33.55. The company has a 50 day moving average of GBX 262.21 and a 200 day moving average of GBX 222.21.

Insider Buying and Selling

In other news, insider Antoine Forterre sold 36,650 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of GBX 256, for a total transaction of £93,824. Also, insider Robyn Grew sold 210,263 shares of Man Group stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total transaction of £538,273.28. 7.83% of the stock is currently owned by company insiders.

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.