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

Key Points

• Man Group shares crossed above its 200-day moving average (GBX 230.83), trading as high as GBX 259 and last at GBX 256.20 on volume ~3.03M, a rise of about 4.1%.
• Analysts have lifted targets—Jefferies to GBX 280 (buy) and Citi to GBX 275 (neutral)—with a MarketBeat consensus of Moderate Buy and an average target of GBX 253.50.
• Insider activity was mixed: Robyn Grew sold 210,263 shares at GBX 256 (~£538k) while Laurie Fitch bought 5,000 shares at GBX 242; insiders own 7.83% of the company.

Man Group Plc (LON:EMG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 230.83 and traded as high as GBX 259. Man Group shares last traded at GBX 256.20, with a volume of 3,025,927 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EMG shares. Jefferies Financial Group increased their target price on shares of Man Group from GBX 240 to GBX 280 and gave the stock a "buy" rating in a report on Tuesday, January 20th. Citigroup increased their target price on shares of Man Group from GBX 190 to GBX 275 and gave the stock a "neutral" rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 253.50.

Man Group Stock Up 4.1%

The firm has a market capitalization of £2.98 billion, a P/E ratio of 17.77, a PEG ratio of -1.15 and a beta of 0.66. The company has a debt-to-equity ratio of 18.04, a quick ratio of 1.58 and a current ratio of 0.95. The business's fifty day moving average price is GBX 259.80 and its two-hundred day moving average price is GBX 230.83.

Insider Activity

In other news, insider Robyn Grew sold 210,263 shares of the firm's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 256, for a total value of £538,273.28. Also, insider Laurie Fitch purchased 5,000 shares of the stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of GBX 242 per share, for a total transaction of £12,100. Corporate insiders own 7.83% 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. 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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