Man Group Plc (LON:EMG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Man Group Plc (LON:EMG) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 238.83.

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a research report on Friday, October 17th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 240 price objective on shares of Man Group in a research note on Wednesday, October 22nd. Citigroup boosted their target price on shares of Man Group from GBX 170 to GBX 190 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Man Group from GBX 188 to GBX 209 and gave the stock a “neutral” rating in a research report on Friday.

Insider Transactions at Man Group

In related news, insider Antoine Forterre sold 53,260 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of GBX 155, for a total value of £82,553. Also, insider Laurie Fitch purchased 20,000 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were bought at an average price of GBX 178 per share, with a total value of £35,600. Insiders own 7.82% of the company’s stock.

Man Group Stock Performance

LON EMG opened at GBX 208.40 on Friday. The stock has a market cap of £2.33 billion, a PE ratio of 13.27, a P/E/G ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. The firm has a 50-day moving average of GBX 189.98 and a 200-day moving average of GBX 177.44. Man Group has a 52-week low of GBX 150.40 and a 52-week high of GBX 221.52.

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.