Man Group (LON:EMG) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• Man Group shares rose above their 200-day moving average, reaching GBX 304.80 and last trading at GBX 303.80, compared with the 200-day average of GBX 278.28.
• Analyst sentiment remains cautious: the consensus rating is “Hold” with a GBX 304.75 price target, although individual targets range from GBX 330 to GBX 345.
• Insider activity was mixed, with one insider selling 500,000 shares for £1.535 million and another buying 15,000 shares; insiders own 7.47% of the company.

Shares of Man Group Plc (LON:EMG - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 278.28 and traded as high as GBX 304.80. Man Group shares last traded at GBX 303.80, with a volume of 2,165,369 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EMG shares. Citigroup lifted their price objective on shares of Man Group from GBX 325 to GBX 335 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 345 price objective on shares of Man Group in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Man Group from GBX 310 to GBX 330 and gave the stock a "hold" rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 304.75.

Man Group Price Performance

The firm has a market cap of £3.48 billion, a P/E ratio of 10.81, a PEG ratio of -1.15 and a beta of 0.63. The company has a debt-to-equity ratio of 19.06, a current ratio of 2.40 and a quick ratio of 1.58. The company's 50-day moving average is GBX 302.32 and its two-hundred day moving average is GBX 278.28.

Insider Activity at Man Group

In related news, insider Antoine Forterre sold 500,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 307, for a total transaction of £1,535,000. Also, insider Laurie Fitch purchased 15,000 shares of Man Group stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average price of GBX 285 per share, for a total transaction of £42,750. 7.47% of the stock is currently owned by insiders.

About Man Group

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.

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