Man Group (LON:EMG) Hits New 1-Year High – Here’s Why

Man Group Plc (LON:EMG) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 286.20 and last traded at GBX 286, with a volume of 1232844 shares traded. The stock had previously closed at GBX 281.60.

Wall Street Analyst Weigh In

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

Man Group Stock Performance

The company has a market cap of £3.16 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63. The company has a quick ratio of 1.58, a current ratio of 0.95 and a debt-to-equity ratio of 18.04. The stock has a 50 day moving average price of GBX 258.84 and a two-hundred day moving average price of GBX 245.75.

Insider Activity at Man Group

In other news, insider Antoine Forterre sold 36,650 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total transaction of £93,824. Also, insider Robyn Grew sold 210,263 shares of the 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. Insiders have purchased 29,050 shares of company stock valued at $7,649,800 in the last 90 days. Corporate 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.