Man Group (LON:EMG) Price Target Raised to GBX 385

Man Group (LON:EMG) had its target price lifted by Jefferies Financial Group from GBX 345 to GBX 385 in a report issued on Tuesday morning,Digital Look reports. The firm currently has a buy rating on the investment management company’s stock.

EMG has been the subject of a number of other research reports. Citigroup increased their target price on shares of Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Man Group to a “hold” rating and boosted their price target for the company from GBX 345 to GBX 360 in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Man Group has a consensus rating of “Hold” and a consensus price target of GBX 322.25.

Man Group Stock Up 1.1%

Shares of LON EMG opened at GBX 330.60 on Tuesday. The stock has a market cap of £3.66 billion, a PE ratio of 11.77, a PEG ratio of -1.15 and a beta of 0.63. The business has a fifty day moving average of GBX 315.47 and a two-hundred day moving average of GBX 291.67. Man Group has a 52-week low of GBX 183.30 and a 52-week high of GBX 348.80. The company has a debt-to-equity ratio of 19.06, a quick ratio of 1.58 and a current ratio of 2.40.

Insider Activity at Man Group

In other news, insider Antoine Forterre sold 500,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total value of £1,535,000. Insiders own 7.71% 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.