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

Man Group (LON:EMG) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 310 price target on the investment management company’s stock, up from their prior price target of GBX 295. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 5.32% from the company’s current price.

Several other equities analysts have also recently issued reports on EMG. Jefferies Financial Group reissued a “buy” rating and set a GBX 280 target price on shares of Man Group in a research note on Friday, April 24th. Citigroup dropped their target price on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Man Group currently has an average rating of “Hold” and an average price target of GBX 271.

Man Group Stock Down 0.8%

LON EMG opened at GBX 294.33 on Thursday. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58. The stock has a market capitalization of £3.29 billion, a PE ratio of 19.62, a PEG ratio of -1.15 and a beta of 1.46. Man Group has a 1 year low of GBX 154.25 and a 1 year high of GBX 305.80. The business’s 50-day moving average is GBX 276.48 and its 200 day moving average is GBX 259.58.

Insiders Place Their Bets

In related news, insider Colin Bell acquired 18,050 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of GBX 276 per share, for a total transaction of £49,818. 7.70% of the stock is currently owned by company insiders.

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.