Man Group (LON:EMG) Insider Purchases 7,500 Shares of Company Stock

Man Group Plc (LON:EMG) insider Laurie Fitch acquired 7,500 shares of Man Group stock in a transaction dated Friday, November 6th. The shares were purchased at an average price of GBX 301 per share, with a total value of £22,575.

Man Group Stock Performance

Shares of LON EMG traded up GBX 5.60 during trading hours on Monday, reaching GBX 302.60. 79,457,539 shares of the stock were exchanged, compared to its average volume of 18,646,588. The firm has a market capitalization of £3.35 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of -1.15 and a beta of 0.63. The stock’s fifty day simple moving average is GBX 324.86 and its 200 day simple moving average is GBX 289.73. The company has a debt-to-equity ratio of 19.06, a quick ratio of 1.58 and a current ratio of 2.40. Man Group Plc has a 52 week low of GBX 197 and a 52 week high of GBX 348.80.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EMG. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Man Group from GBX 365 to GBX 355 and set a “hold” rating on the stock in a research report on Friday. Citigroup boosted their price objective on shares of Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group raised their target price on shares of Man Group from GBX 345 to GBX 385 and gave the stock a “buy” rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 321.

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.