Man Group (LON:EMG) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Man Group's stock has recently crossed above its 200-day moving average, trading at GBX 181.79 ($2.45) after reaching a high of GBX 182.10 ($2.45).
• Analysts have mixed views on the stock, with price targets ranging from GBX 170 to GBX 215, and a consensus rating of "Moderate Buy".
• Insider activity includes 20,000 shares purchased by Laurie Fitch while Antoine Forterre sold 53,260 shares, indicating significant insider trading activity.

Man Group Plc (LON:EMG - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 172.60 ($2.33) and traded as high as GBX 182.10 ($2.45). Man Group shares last traded at GBX 181.79 ($2.45), with a volume of 2,385,810 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EMG. JPMorgan Chase & Co. increased their price target on shares of Man Group from GBX 170 to GBX 175 and gave the company a "neutral" rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Man Group from GBX 205 to GBX 215 and gave the company a "buy" rating in a report on Monday, September 1st. Finally, Citigroup lowered their price target on shares of Man Group from GBX 185 to GBX 170 and set a "neutral" rating on the stock in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Man Group presently has an average rating of "Moderate Buy" and a consensus target price of GBX 220.80.

Man Group Price Performance

The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The firm has a market cap of £2.05 billion, a price-to-earnings ratio of 1,157.87, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. The company's 50-day moving average is GBX 165.98 and its 200-day moving average is GBX 172.60.

Insider Transactions at Man Group

In related news, insider Laurie Fitch bought 20,000 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were purchased at an average cost of GBX 178 per share, for a total transaction of £35,600. Also, insider Antoine Forterre sold 53,260 shares of the business'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. 7.76% of the stock is owned by insiders.

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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