Man Group (LON:EMG) Sets New 52-Week High – Should You Buy?

Man Group Plc (LON:EMG)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 281.73 and last traded at GBX 281.73, with a volume of 1640920 shares trading hands. The stock had previously closed at GBX 278.40.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EMG shares. Citigroup lowered their price objective on Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research note on Monday, April 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 280 price objective on shares of Man Group in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 256.

Man Group Price Performance

The firm has a market capitalization of £3.16 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63. The firm has a 50 day moving average price of GBX 256.32 and a 200-day moving average price of GBX 242.70. The company has a current ratio of 0.95, a quick ratio of 1.58 and a debt-to-equity ratio of 18.04.

Insider Buying and Selling

In other news, insider Robyn Grew sold 210,263 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total value of £538,273.28. Also, insider Laurie Fitch acquired 5,000 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of GBX 242 per share, with a total value of £12,100. Insiders own 7.83% 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. 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.