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

Key Points

• Man Group shares crossed above their 200-day moving average of GBX 293.69, reaching GBX 345 on heavy trading volume of nearly 4.9 million shares.
• Analysts raised their price targets, with Jefferies setting the highest at GBX 385 and Deutsche Bank at GBX 360. Despite the upgrades, the overall analyst consensus remains “Hold”, with an average target of GBX 322.25.
• The company has a £3.82 billion market capitalization and a 12.28 price-to-earnings ratio; insider Antoine Forterre also sold 500,000 shares for approximately £1.54 million, while insiders retain a 7.71% stake.

Man Group Plc (LON:EMG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 293.69 and traded as high as GBX 345. Man Group shares last traded at GBX 345, with a volume of 4,886,721 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of Man Group from GBX 345 to GBX 385 and gave the company a "buy" rating in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft raised shares of Man Group to a "hold" rating and raised their price target for the stock from GBX 345 to GBX 360 in a report on Friday, October 2nd. Finally, Citigroup boosted their price objective on shares of Man Group from GBX 325 to GBX 335 and gave the company a "neutral" rating 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 data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 322.25.

Man Group Stock Performance

The company has a current ratio of 2.40, a quick ratio of 1.58 and a debt-to-equity ratio of 19.06. The firm has a fifty day simple moving average of GBX 317.63 and a two-hundred day simple moving average of GBX 293.69. The firm has a market cap of £3.82 billion, a PE ratio of 12.28, a PEG ratio of -1.15 and a beta of 0.63.

Insider Activity

In related news, insider Antoine Forterre sold 500,000 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total transaction of £1,535,000. Company insiders own 7.71% 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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