Man Group (LON:EMG) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Man Group (LON:EMG) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. The brokerage presently has a GBX 360 target price on the investment management company’s stock, up from their previous target price of GBX 345. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 11.73% from the company’s previous close.

A number of other brokerages have also commented on EMG. Jefferies Financial Group restated a “buy” rating and issued a GBX 345 price target on shares of Man Group in a report on Wednesday, July 29th. Citigroup increased their price objective on Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Man Group currently has a consensus rating of “Hold” and an average target price of GBX 312.25.

Man Group Price Performance

Shares of LON EMG opened at GBX 322.20 on Friday. The firm has a market cap of £3.57 billion, a PE ratio of 11.47, a PEG ratio of -1.15 and a beta of 0.63. The company has a current ratio of 2.40, a quick ratio of 1.58 and a debt-to-equity ratio of 19.06. Man Group has a 1-year low of GBX 183.30 and a 1-year high of GBX 348.80. The company has a fifty day moving average price of GBX 313.96 and a 200 day moving average price of GBX 289.18.

Insiders Place Their Bets

In related news, insider Antoine Forterre sold 500,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 307, for a total value of £1,535,000. Company insiders own 7.71% 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. 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.