Man Group (LON:EMG) Share Price Passes Above 200 Day Moving Average – Here’s Why

Man Group Plc (LON:EMG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 211.37 ($2.67) and traded as high as GBX 214.80 ($2.71). Man Group shares last traded at GBX 212.20 ($2.68), with a volume of 1,560,332 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EMG. Canaccord Genuity Group upgraded Man Group to a “buy” rating and raised their price objective for the stock from GBX 194 ($2.45) to GBX 272 ($3.44) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded Man Group to a “buy” rating and raised their price objective for the stock from GBX 194 ($2.45) to GBX 272 ($3.44) in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 291.17 ($3.68).

Man Group Stock Up 0.1 %

The firm has a 50-day simple moving average of GBX 209.94 and a 200 day simple moving average of GBX 211.26. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. The company has a market capitalization of £3.06 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

Insider Transactions at Man Group

In other Man Group news, insider Laurie Fitch bought 7,390 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were acquired at an average cost of GBX 213 ($2.69) per share, with a total value of £15,740.70 ($19,887.18). Also, insider Sarah Legg bought 12,108 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of GBX 206 ($2.60) per share, for a total transaction of £24,942.48 ($31,512.92). Corporate insiders own 0.95% 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.