Man Group (LON:EMG) Hits New 52-Week High – What’s Next?

Man Group Plc (LON:EMG) hit a new 52-week high on Thursday . The company traded as high as GBX 310.60 and last traded at GBX 307.80, with a volume of 6221730 shares changing hands. The stock had previously closed at GBX 305.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EMG shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 280 price objective on shares of Man Group in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut shares of Man Group to a “hold” rating and raised their target price for the stock from GBX 295 to GBX 310 in a report on Thursday, June 25th. Finally, Citigroup lowered their price target on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 271.

Man Group Stock Up 0.1%

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 £3.41 billion, a PE ratio of 20.37, a PEG ratio of -1.15 and a beta of 0.64. The company has a 50 day moving average price of GBX 288.62 and a 200-day moving average price of GBX 267.98.

Insider Buying and Selling at Man Group

In related news, insider Laurie Fitch acquired 15,000 shares of Man Group stock in a transaction on Friday, June 26th. The shares were acquired at an average cost of GBX 285 per share, with a total value of £42,750. Also, insider Colin Bell acquired 18,050 shares of Man Group stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of GBX 276 per share, for a total transaction of £49,818. Insiders own 7.72% 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. 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.