Man Group (LON:EMG) Stock Price Passes Above Two Hundred Day Moving Average of $245.45

Man Group Plc (LON:EMG) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 245.45 ($3.12) and traded as high as GBX 251 ($3.19). Man Group shares last traded at GBX 247.60 ($3.15), with a volume of 3,311,880 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EMG shares. Deutsche Bank Aktiengesellschaft boosted their price target on Man Group from GBX 315 ($4.00) to GBX 325 ($4.13) and gave the company a “buy” rating in a research note on Tuesday, June 4th. Numis Securities reissued an “add” rating and issued a GBX 300 ($3.81) target price on shares of Man Group in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 314.33 ($3.99).

Man Group Stock Up 0.4 %

The company has a market cap of £2.88 billion, a price-to-earnings ratio of 1,657.33, a PEG ratio of -1.15 and a beta of 0.74. The business has a 50-day simple moving average of GBX 257.03 and a two-hundred day simple moving average of GBX 245.45. The company has a quick ratio of 1.58, a current ratio of 2.04 and a debt-to-equity ratio of 29.03.

Insider Activity at Man Group

In related news, insider Dixit Joshi bought 38,183 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of GBX 261 ($3.32) per share, with a total value of £99,657.63 ($126,629.77). 0.99% of the stock is owned by company insiders.

Man Group Company Profile

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.