Man Group (LON:EMG) Share Price Passes Above 200-Day Moving Average – Should You Sell?
by Mitch Edgeman · The Markets DailyMan Group Plc (LON:EMG – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 194.24 and traded as high as GBX 268.20. Man Group shares last traded at GBX 263, with a volume of 2,002,701 shares.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on EMG. Deutsche Bank Aktiengesellschaft raised their price target on Man Group from GBX 225 to GBX 250 and gave the stock a “buy” rating in a research report on Friday, October 17th. Citigroup increased their target price on shares of Man Group from GBX 190 to GBX 275 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Man Group from GBX 188 to GBX 209 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Finally, Jefferies Financial Group upped their price target on shares of Man Group from GBX 240 to GBX 280 and gave the company a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Man Group currently has an average rating of “Moderate Buy” and an average price target of GBX 253.50.
Read Our Latest Analysis on EMG
Man Group Price Performance
The stock’s 50 day moving average price is GBX 225.37 and its 200-day moving average price is GBX 195.27. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76. The stock has a market capitalization of £2.89 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.
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. 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.