Man Group (LON:EMG) Price Target Raised to GBX 335

Man Group (LON:EMG) had its price target upped by Citigroup from GBX 325 to GBX 335 in a research report sent to investors on Wednesday morning,Digital Look reports. The firm currently has a neutral rating on the investment management company’s stock.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Man Group to a “hold” rating and increased their price objective for the company from GBX 295 to GBX 310 in a research note on Thursday, June 25th. Jefferies Financial Group restated a “buy” rating and issued a GBX 280 target price on shares of Man Group in a research note on Friday, April 24th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 304.75.

Man Group Stock Down 3.5%

Shares of LON:EMG opened at GBX 302.20 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.58 and a debt-to-equity ratio of 18.96. The company has a fifty day simple moving average of GBX 294.53 and a 200 day simple moving average of GBX 273.12. The firm has a market cap of £3.37 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of -1.15 and a beta of 0.64. Man Group has a 12-month low of GBX 154.25 and a 12-month high of GBX 327.20.

Insider Activity

In other news, insider Antoine Forterre sold 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total value of £1,535,000. Also, insider Laurie Fitch purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of GBX 285 per share, for a total transaction of £42,750. Company insiders own 7.72% 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.