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

Man Group Plc (LON:EMG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 211.37 ($2.68) and traded as high as GBX 214.80 ($2.72). Man Group shares last traded at GBX 212.20 ($2.69), with a volume of 1,560,332 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EMG shares. Canaccord Genuity Group upgraded shares of Man Group to a "buy" rating and increased their price objective for the company from GBX 194 ($2.46) to GBX 272 ($3.45) in a research note on Wednesday, December 11th. Canaccord Genuity Group raised shares of Man Group to a "buy" rating and boosted their target price for the stock from GBX 194 ($2.46) to GBX 272 ($3.45) in a research note 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 291.17 ($3.69).

Man Group Trading Down 1.0 %

The business has a 50 day simple moving average of GBX 209.91 and a 200-day simple moving average of GBX 211.13. The stock has a market capitalization of £2.98 billion, a price-to-earnings ratio of 9.74, a PEG ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58.

Insider Buying and Selling at Man Group

In other Man Group news, insider Laurie Fitch purchased 7,390 shares of the stock in a transaction on Tuesday, December 31st. The shares were purchased at an average price of GBX 213 ($2.70) per share, with a total value of £15,740.70 ($19,950.19). Also, insider Sarah Legg acquired 12,108 shares of the business's stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of GBX 206 ($2.61) per share, with a total value of £24,942.48 ($31,612.78). 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.