Laurie Fitch Acquires 15,000 Shares of Man Group (LON:EMG) Stock

Man Group Plc (LON:EMG) insider Laurie Fitch acquired 15,000 shares of Man Group stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average price of GBX 285 per share, for a total transaction of £42,750.

Man Group Stock Performance

EMG stock traded down GBX 2.20 during trading on Friday, hitting GBX 287.40. 1,918,734 shares of the company’s stock traded hands, compared to its average volume of 19,874,971. The company has a quick ratio of 1.58, a current ratio of 0.95 and a debt-to-equity ratio of 18.04. Man Group Plc has a 52 week low of GBX 154.25 and a 52 week high of GBX 305.80. The stock has a fifty day moving average price of GBX 277.01 and a two-hundred day moving average price of GBX 260.14. The stock has a market capitalization of £3.21 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of -1.15 and a beta of 1.46.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded Man Group to a “hold” rating and upped their price objective for the stock from GBX 295 to GBX 310 in a research note on Thursday. Citigroup lowered their price target on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research report on Monday, April 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 280 price objective on shares of Man Group in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Man Group presently has a consensus rating of “Hold” and an average price target of GBX 271.

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.