Man Group (LON:EMG) Shares Down 6.2% - Should You Sell?

Key Points

• Shares fell 6.2% to GBX 247.20 (intraday low GBX 243.20) with about 3.87 million shares traded, roughly 50% below the stock's average daily volume.
• Analysts have lifted targets recently — Jefferies raised its target to GBX 280 with a "buy" rating and Citi to GBX 275 with "neutral" — leaving a consensus of "Moderate Buy" and an average price target of GBX 253.50.
• Insiders were active: Robyn Grew sold 210,263 shares at GBX 256 while Anne Wade bought 6,000 shares at GBX 243; the company has a market cap of £2.77 billion and a P/E of 16.48.

Man Group Plc (LON:EMG - Get Free Report)'s share price was down 6.2% on Thursday . The stock traded as low as GBX 243.20 and last traded at GBX 247.20. Approximately 3,866,899 shares traded hands during trading, a decline of 50% from the average daily volume of 7,684,876 shares. The stock had previously closed at GBX 263.40.

Analysts Set New Price Targets

Several analysts have recently weighed in on EMG shares. Jefferies Financial Group lifted their target price on shares of Man Group from GBX 240 to GBX 280 and gave the company a "buy" rating in a research report on Tuesday, January 20th. Citigroup lifted their target price on shares of Man Group from GBX 190 to GBX 275 and gave the company a "neutral" rating in a research report 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 253.50.

Man Group Stock Down 6.2%

The stock has a market capitalization of £2.77 billion, a P/E ratio of 16.48, a P/E/G ratio of -1.15 and a beta of 0.66. The firm's fifty day moving average is GBX 259.66 and its 200-day moving average is GBX 231.17. The company has a current ratio of 0.95, a quick ratio of 1.58 and a debt-to-equity ratio of 18.04.

Insider Activity

In related news, insider Robyn Grew sold 210,263 shares of Man Group stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 256, for a total transaction of £538,273.28. Also, insider Anne Wade purchased 6,000 shares of the business's stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of GBX 243 per share, with a total value of £14,580. Insiders own 7.83% of the company's stock.

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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