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

Shares of Man Group Plc (LON:EMG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Numis Securities restated an “add” rating and set a GBX 300 ($3.81) target price on shares of Man Group in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft lifted 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 report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Man Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 314.33 ($3.99).

Man Group Stock Up 0.4 %

The company has a market capitalization of £2.88 billion, a PE ratio of 1,657.33, a P/E/G ratio of -1.15 and a beta of 0.74. The company has a debt-to-equity ratio of 29.03, a quick ratio of 1.58 and a current ratio of 2.04. The company’s 50-day moving average is GBX 257.03 and its 200 day moving average is GBX 245.45.

Insider Transactions at Man Group

In other news, insider Dixit Joshi purchased 38,183 shares of Man Group stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of GBX 261 ($3.32) per share, with a total value of £99,657.63 ($126,629.77). Insiders own 0.99% of the company’s stock.

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.