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

Shares of Man Group Plc (LON:EMG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 209.42 ($2.71) and traded as high as GBX 210.80 ($2.72). Man Group shares last traded at GBX 208.20 ($2.69), with a volume of 233,340,094 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Man Group from GBX 247 ($3.19) to GBX 242 ($3.13) and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Canaccord Genuity Group raised Man Group to a "buy" rating and increased their price objective for the stock from GBX 194 ($2.51) to GBX 272 ($3.51) in a report on Wednesday, December 11th. Finally, Canaccord Genuity Group upgraded Man Group to a "buy" rating and upped their price target for the company from GBX 194 ($2.51) to GBX 272 ($3.51) in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 281.67 ($3.64).

Man Group Trading Down 4.8 %

The stock has a market cap of £2.86 billion, a PE ratio of 9.35, a PEG ratio of -1.15 and a beta of 0.71. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The firm has a fifty day simple moving average of GBX 209.61 and a two-hundred day simple moving average of GBX 209.32.

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Man Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, April 10th. This is a positive change from Man Group's previous dividend of $0.06. This represents a yield of 4.25%. Man Group's payout ratio is presently 61.33%.

Insiders Place Their Bets

In other news, insider Robyn Grew sold 299,898 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 210 ($2.71), for a total value of £629,785.80 ($813,676.74). Also, insider Dixit Joshi acquired 46,051 shares of Man Group stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of GBX 217 ($2.80) per share, for a total transaction of £99,930.67 ($129,109.39). Corporate insiders own 0.95% 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.