Man Group (LON:EMG) Given New GBX 3,250 Price Target at Citigroup

Man Group (LON:EMG) had its price target lifted by equities research analysts at Citigroup from GBX 2,850 to GBX 3,250 in a research note issued to investors on Monday,London Stock Exchange reports. The firm presently has a “neutral” rating on the investment management company’s stock.

A number of other equities research analysts also recently commented on EMG. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 280 price objective on shares of Man Group in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Man Group to a “hold” rating and raised their target price for the company from GBX 295 to GBX 310 in a research note on Thursday, June 25th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 1,012.25.

Man Group Stock Up 3.1%

EMG opened at GBX 307.20 on Monday. The company has a debt-to-equity ratio of 18.04, a quick ratio of 1.58 and a current ratio of 0.95. The company has a market cap of £3.43 billion, a price-to-earnings ratio of 20.48, a PEG ratio of -1.15 and a beta of 0.64. The business’s fifty day moving average is GBX 280.66 and its two-hundred day moving average is GBX 263.57. Man Group has a one year low of GBX 154.25 and a one year high of GBX 307.80.

Insider Activity at Man Group

In other Man Group news, insider Colin Bell bought 18,050 shares of Man Group stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of GBX 276 per share, for a total transaction of £49,818. Also, insider Laurie Fitch purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average cost of GBX 285 per share, for a total transaction of £42,750. 7.70% of the stock is owned by company insiders.

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.