Brokerages Set Man Group Plc (LON:EMG) Price Target at GBX 235.33

Shares of Man Group Plc (LON:EMG) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 235.33.

EMG has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Man Group from GBX 170 to GBX 190 and gave the company a “buy” rating in a report on Thursday, October 2nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 240 price objective on shares of Man Group in a report on Wednesday, October 22nd. JPMorgan Chase & Co. upped their price objective on shares of Man Group from GBX 175 to GBX 188 and gave the company a “neutral” rating in a report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a report on Friday, October 17th.

Man Group Price Performance

Shares of LON EMG opened at GBX 209.20 on Wednesday. The firm has a 50-day simple moving average of GBX 177.68 and a 200-day simple moving average of GBX 172.91. The stock has a market capitalization of £2.35 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76. Man Group has a 52 week low of GBX 150.40 and a 52 week high of GBX 221.52.

Insider Transactions at Man Group

In related news, insider Laurie Fitch bought 20,000 shares of the stock in a transaction on Tuesday, September 23rd. The stock was bought at an average price of GBX 178 per share, with a total value of £35,600. Also, insider Antoine Forterre sold 53,260 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of GBX 155, for a total transaction of £82,553. Corporate insiders own 7.76% 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.