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

Key Points

• Man Group shares rose above their 200-day moving average of GBX 276.31, reaching GBX 316 and last trading at GBX 313.40 on volume of more than 10.2 million shares.
• Analyst sentiment remains cautious: Jefferies reiterated a “buy” rating with a GBX 345 target, while Deutsche Bank and Citigroup maintained “hold” or “neutral” views. The consensus rating is “Hold,” with an average target of GBX 304.75.
• Insider activity was mixed, with Antoine Forterre selling 500,000 shares for £1.535 million and Laurie Fitch purchasing 15,000 shares for £42,750; insiders collectively own 7.47% of the company.

Man Group Plc (LON:EMG - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 276.31 and traded as high as GBX 316. Man Group shares last traded at GBX 313.40, with a volume of 10,204,316 shares trading hands.

Analyst Upgrades and Downgrades

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

Man Group Stock Performance

The firm has a market capitalization of £3.59 billion, a P/E ratio of 11.15, a P/E/G ratio of -1.15 and a beta of 0.63. The company has a debt-to-equity ratio of 18.96, a current ratio of 2.02 and a quick ratio of 1.58. The stock's 50 day moving average is GBX 299.61 and its two-hundred day moving average is GBX 276.31.

Insider Buying and Selling at Man Group

In other Man Group news, insider Antoine Forterre sold 500,000 shares of the company's stock in a transaction 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 the business's stock in a transaction dated Friday, June 26th. The stock was bought at an average cost of GBX 285 per share, for a total transaction of £42,750. Insiders own 7.47% 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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