Man Group (LON:EMG) Hits New 12-Month High – Still a Buy?

Man Group Plc (LON:EMG)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 327.20 and last traded at GBX 323.40, with a volume of 8329019 shares. The stock had previously closed at GBX 300.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EMG. Jefferies Financial Group restated a “buy” rating and issued a GBX 280 price objective on shares of Man Group in a research report on Friday, April 24th. Citigroup dropped their target price on Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft downgraded Man Group to a “hold” rating and increased their target price for the stock from GBX 295 to GBX 310 in a research note on Thursday, June 25th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 271.

Man Group Price Performance

The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58. The company’s 50 day moving average is GBX 292.43 and its 200 day moving average is GBX 271.63. The stock has a market cap of £3.53 billion, a price-to-earnings ratio of 21.09, a PEG ratio of -1.15 and a beta of 0.64.

Insider Activity

In related news, insider Laurie Fitch bought 15,000 shares of the company’s stock in a transaction on Friday, June 26th. The stock was bought at an average cost of GBX 285 per share, with a total value of £42,750. Also, insider Colin Bell purchased 18,050 shares of Man Group stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of GBX 276 per share, with a total value of £49,818. Corporate insiders own 7.72% of the company’s stock.

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.