Man Group (LON:EMG) Given Hold Rating at Deutsche Bank Aktiengesellschaft

Man Group (LON:EMG)‘s stock had its “hold” rating restated by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Friday, London Stock Exchange reports. They currently have a GBX 330 target price on the investment management company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 7.70% from the stock’s current price.

A number of other brokerages also recently issued reports on EMG. Jefferies Financial Group restated a “buy” rating and issued a GBX 345 price objective on shares of Man Group in a research note on Wednesday, July 29th. Citigroup lifted their target price on Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 304.75.

Man Group Stock Performance

Shares of EMG opened at GBX 306.40 on Friday. The stock has a 50 day moving average of GBX 304.13 and a 200 day moving average of GBX 281.04. The company has a market capitalization of £3.51 billion, a price-to-earnings ratio of 10.90, a PEG ratio of -1.15 and a beta of 0.63. Man Group has a 12 month low of GBX 154.25 and a 12 month high of GBX 327.20. The company has a current ratio of 2.40, a quick ratio of 1.58 and a debt-to-equity ratio of 19.06.

Insiders Place Their Bets

In other news, insider Antoine Forterre sold 500,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total transaction of £1,535,000. Also, insider Laurie Fitch purchased 15,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were purchased at an average price of GBX 285 per share, with a total value of £42,750. Company insiders own 7.47% 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.