Man Group (LON:EMG) Hits New 12-Month High on Insider Buying Activity

Shares of Man Group Plc (LON:EMG) reached a new 52-week high during mid-day trading on Thursday following insider buying activity. The company traded as high as GBX 281.73 and last traded at GBX 281.73, with a volume of 1640920 shares. The stock had previously closed at GBX 278.40.

Specifically, insider Colin Bell bought 18,050 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of GBX 276 per share, with a total value of £49,818.

Analysts Set New Price Targets

EMG has been the subject of a number of recent analyst reports. Citigroup decreased their target price on Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research report on Monday, April 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 280 price target on shares of Man Group in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 256.

Man Group Stock Down 1.8%

The stock has a market cap of £3.14 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63. The company has a debt-to-equity ratio of 18.04, a quick ratio of 1.58 and a current ratio of 0.95. The company’s 50-day moving average price is GBX 256.96 and its 200 day moving average price is GBX 243.51.

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.