Man Group Plc (LON:EMG - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 234.14 ($2.91) and traded as high as GBX 269.20 ($3.35). Man Group shares last traded at GBX 268.60 ($3.34), with a volume of 2,411,784 shares traded.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Numis Securities reaffirmed an "add" rating and issued a GBX 300 ($3.73) price objective on shares of Man Group in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on Man Group from GBX 323 ($4.02) to GBX 318 ($3.96) and set an "overweight" rating on the stock in a research note on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 292.67 ($3.64).
Get Our Latest Stock Report on EMG
Man Group Price Performance
The firm has a 50 day moving average price of GBX 254.01 and a 200 day moving average price of GBX 234.33. The stock has a market cap of £2.94 billion, a P/E ratio of 1,673.33, a P/E/G ratio of -1.15 and a beta of 0.74. The company has a quick ratio of 1.58, a current ratio of 2.04 and a debt-to-equity ratio of 29.03.
Man Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from Man Group's previous dividend of $0.06. This represents a yield of 3.5%. Man Group's payout ratio is currently 8,666.67%.
Insider Buying and Selling
In related news, insider Antoine Forterre sold 75,484 shares of the company's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of GBX 249 ($3.10), for a total transaction of £187,955.16 ($233,978.79). 2.07% of the stock is owned by insiders.
About Man Group
(
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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.
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