Man Group (LON:EMG) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Man Group Plc (LON:EMG) 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 traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EMG shares. Canaccord Genuity Group raised shares of Man Group to a “buy” rating and increased their price objective for the stock from GBX 194 ($2.45) to GBX 272 ($3.44) in a research report on Wednesday, December 11th. Canaccord Genuity Group raised shares of Man Group to a “buy” rating and raised their price target for the company from GBX 194 ($2.45) to GBX 272 ($3.44) in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 291.17 ($3.68).

Man Group Stock Performance

The firm has a market cap of £3.06 billion, a P/E ratio of 10.01, 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 company’s 50-day moving average is GBX 209.91 and its two-hundred day moving average is GBX 211.37.

Insiders Place Their Bets

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