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

Key Points

• Shares of Man Group passed above its 200-day moving average, trading as high as GBX 258.11 (200‑day MA GBX 238.74) and last at GBX 258.02 on a volume of 92,880,500 shares.
• Analysts are mixed but broadly positive: two Buy and two Hold ratings produce a MarketBeat average of "Moderate Buy" with an average price target of GBX 256, while Jefferies targets GBX 280 and Citi has a GBX 285 neutral target.
• Notable insider activity saw Robyn Grew sell 210,263 shares at GBX 256 while Laurie Fitch bought 5,000 shares at GBX 242; insiders own 7.83% 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 238.74 and traded as high as GBX 258.11. Man Group shares last traded at GBX 258.02, with a volume of 92,880,500 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 280 price target on shares of Man Group in a research note on Friday, April 24th. Citigroup reduced their price target on Man Group from GBX 290 to GBX 285 and set a "neutral" rating on the stock in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 256.

Man Group Stock Performance

The stock has a market capitalization of £2.89 billion, a PE ratio of 17.20, a PEG ratio of -1.15 and a beta of 0.66. The business has a 50 day moving average price of GBX 256.73 and a 200 day moving average price of GBX 238.74. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58.

Insider Buying and Selling

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