Man Group (LON:EMG) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Man Group Plc shares have recently exceeded their 200-day moving average, trading at GBX 202.80 ($2.72) with a volume of over 2.5 million shares.
• Analyst ratings are positive, with firms like Citigroup and Deutsche Bank raising their price targets and providing "buy" ratings, contributing to an overall consensus target price of GBX 234.40.
• Insider trading activity includes a purchase of 20,000 shares by insider Laurie Fitch, while Antoine Forterre sold 53,260 shares, highlighting active insider involvement in the company's stock.

Man Group Plc (LON:EMG - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 171.17 ($2.29) and traded as high as GBX 202.80 ($2.72). Man Group shares last traded at GBX 202.80 ($2.72), with a volume of 2,557,540 shares.

Analyst Ratings Changes

Several research firms have issued reports on EMG. Citigroup upped their price target on Man Group from GBX 170 to GBX 190 and gave the company a "buy" rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. upped their price target on Man Group from GBX 175 to GBX 188 and gave the company a "neutral" rating in a report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Man Group from GBX 225 to GBX 250 and gave the company a "buy" rating in a report on Friday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 234.40.

Man Group Stock Performance

The firm's 50 day simple moving average is GBX 172.07 and its 200-day simple moving average is GBX 171.17. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. The company has a market capitalization of £2.26 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of -1.15 and a beta of 0.71.

Insiders Place Their Bets

In related news, insider Laurie Fitch acquired 20,000 shares of the business's stock in a transaction dated Tuesday, September 23rd. The stock was acquired at an average price of GBX 178 per share, with a total value of £35,600. Also, insider Antoine Forterre sold 53,260 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of GBX 155, for a total transaction of £82,553. Corporate insiders own 7.76% 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.

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