Man Group (LON:EMG) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

by · The Cerbat Gem

Man Group Plc (LON:EMG – Get Free Report)’s share price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 325.06 and traded as low as GBX 316.40. Man Group shares last traded at GBX 320, with a volume of 344,943,938 shares traded.

Wall Street Analyst Weigh In

EMG has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Man Group from GBX 365 to GBX 355 and set a “hold” rating on the stock in a research note on Friday. Jefferies Financial Group lifted their price target on shares of Man Group from GBX 345 to GBX 385 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Finally, Citigroup lifted their price target on shares of Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 321.

Get Our Latest Report on EMG

Man Group Trading Down 7.6%

The company has a 50-day moving average price of GBX 324.86 and a 200-day moving average price of GBX 289.73. The firm has a market capitalization of £3.29 billion, a price-to-earnings ratio of 10.57, a PEG ratio of -1.15 and a beta of 0.63. The company has a debt-to-equity ratio of 19.06, a quick ratio of 1.58 and a current ratio of 2.40.

About Man Group

(Get Free Report)

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. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.

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