Man Group (LON:EMG) Price Target Cut to GBX 242 by Analysts at JPMorgan Chase & Co.

Man Group (LON:EMG) had its target price decreased by JPMorgan Chase & Co. from GBX 247 ($3.19) to GBX 242 ($3.12) in a report published on Thursday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the investment management company’s stock.

A number of other equities analysts also recently commented on the company. Canaccord Genuity Group upgraded Man Group to a “buy” rating and raised their price objective for the stock from GBX 194 ($2.50) to GBX 272 ($3.51) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded Man Group to a “buy” rating and raised their price objective for the stock from GBX 194 ($2.50) to GBX 272 ($3.51) in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 281.67 ($3.64).

Man Group Stock Down 0.3 %

Shares of LON:EMG opened at GBX 207.80 ($2.68) on Thursday. The stock’s 50-day moving average price is GBX 209.46 and its two-hundred day moving average price is GBX 209.48. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. Man Group has a 12-month low of GBX 196.87 ($2.54) and a 12-month high of GBX 279.23 ($3.61). The firm has a market cap of £3.00 billion, a price-to-earnings ratio of 9.80, a PEG ratio of -1.15 and a beta of 0.71.

Man Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be issued a dividend of $0.12 per share. This is an increase from Man Group’s previous dividend of $0.06. This represents a dividend yield of 4.25%. The ex-dividend date is Thursday, April 10th. Man Group’s dividend payout ratio (DPR) is presently 61.33%.

Insider Activity at Man Group

In related news, insider Laurie Fitch bought 7,390 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average cost of GBX 213 ($2.75) per share, for a total transaction of £15,740.70 ($20,323.69). Also, insider Dixit Joshi bought 46,051 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of GBX 217 ($2.80) per share, for a total transaction of £99,930.67 ($129,026.04). Company insiders own 0.95% 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.