Man Group (LON:EMG) Receives “Add” Rating from Numis Securities

Numis Securities restated their add rating on shares of Man Group (LON:EMG) in a research report released on Friday morning, MarketBeat Ratings reports. Numis Securities currently has a GBX 300 ($3.71) target price on the investment management company’s stock.

Separately, JPMorgan Chase & Co. lowered their price objective on Man Group from GBX 323 ($3.99) to GBX 318 ($3.93) and set an overweight rating on the stock in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Man Group currently has a consensus rating of Moderate Buy and a consensus target price of GBX 292.67 ($3.61).

Man Group Price Performance

Man Group stock opened at GBX 246.20 ($3.04) on Friday. The stock’s fifty day moving average price is GBX 254.30 and its two-hundred day moving average price is GBX 234.71. Man Group has a one year low of GBX 200.50 ($2.48) and a one year high of GBX 279.23 ($3.45). The company has a debt-to-equity ratio of 29.03, a current ratio of 2.04 and a quick ratio of 1.58. The firm has a market cap of £2.88 billion, a PE ratio of 1,641.33, a price-to-earnings-growth ratio of -1.15 and a beta of 0.74.

Man Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 11th will be paid a $0.11 dividend. This is a positive change from Man Group’s previous dividend of $0.06. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 3.5%. Man Group’s dividend payout ratio (DPR) is presently 8,666.67%.

Insider Activity

In related news, insider Antoine Forterre sold 75,484 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of GBX 249 ($3.08), for a total transaction of £187,955.16 ($232,158.05). Corporate insiders own 2.07% of the company’s stock.

About Man Group

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.