Man Group (LON:EMG) Hits New 12-Month High – Here’s What Happened

Man Group Plc (LON:EMG) reached a new 52-week high during trading on Wednesday. The company traded as high as GBX 348.80 and last traded at GBX 340, with a volume of 2102158 shares. The stock had previously closed at GBX 343.

Analyst Upgrades and Downgrades

EMG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 330 price target on shares of Man Group in a report on Friday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 345 price objective on shares of Man Group in a research report on Wednesday, July 29th. Finally, Citigroup boosted their target price on shares of Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Man Group has a consensus rating of “Hold” and a consensus target price of GBX 304.75.

Man Group Price Performance

The firm has a market capitalization of £3.72 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63. The company has a debt-to-equity ratio of 19.06, a quick ratio of 1.58 and a current ratio of 2.40. The business’s 50 day moving average is GBX 310.32 and its two-hundred day moving average is GBX 286.35.

Insider Buying and Selling

In other Man Group news, insider Antoine Forterre sold 500,000 shares of Man Group stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total transaction of £1,535,000. 7.71% of the stock is currently owned by corporate 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.