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

Key Points

• Man Group shares crossed above their 200-day moving average, reaching GBX 307.80 and last trading at GBX 306.46 on heavy volume. The 200-day average stood at GBX 282.36.
• Analyst sentiment remains cautious, with an overall “Hold” rating and an average price target of GBX 304.75. Targets range from GBX 330 at Deutsche Bank to GBX 345 at Jefferies.
• Insider activity was mixed: insider Antoine Forterre sold 500,000 shares for approximately £1.535 million, while Laurie Fitch purchased 15,000 shares. Insiders collectively own 7.71% of the company.

Man Group Plc (LON:EMG - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 282.36 and traded as high as GBX 307.80. Man Group shares last traded at GBX 306.46, with a volume of 158,743,313 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EMG. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 330 target price on shares of Man Group in a research report on Friday, September 4th. Citigroup raised their price target on shares of Man Group from GBX 325 to GBX 335 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group restated a "buy" rating and issued a GBX 345 price objective on shares of Man Group in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Man Group presently has an average rating of "Hold" and an average price target of GBX 304.75.

Man Group Trading Down 0.0%

The business's 50 day simple moving average is GBX 305.58 and its 200-day simple moving average is GBX 282.36. The company has a debt-to-equity ratio of 19.06, a current ratio of 2.40 and a quick ratio of 1.58. The stock has a market capitalization of £3.40 billion, a P/E ratio of 10.91, a PEG ratio of -1.15 and a beta of 0.63.

Insiders Place Their Bets

In related news, insider Antoine Forterre sold 500,000 shares of Man Group stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total transaction of £1,535,000. Also, insider Laurie Fitch acquired 15,000 shares of the firm's stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average cost of GBX 285 per share, with a total value of £42,750. Corporate insiders own 7.71% 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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