Man Group (LON:EMG) Reaches New 52-Week High – Should You Buy?

Shares of Man Group Plc (LON:EMG) hit a new 52-week high during trading on Monday . The company traded as high as GBX 295.40 and last traded at GBX 293.80, with a volume of 266927 shares. The stock had previously closed at GBX 289.60.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 280 price target on shares of Man Group in a research note on Friday, April 24th. Citigroup reduced their price target on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Man Group to a “buy” rating and lifted their price target for the stock from GBX 280 to GBX 295 in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Man Group currently has an average rating of “Moderate Buy” and an average target price of GBX 267.25.

Man Group Price Performance

The firm’s 50-day moving average is GBX 271.36 and its 200-day moving average is GBX 255.77. 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 company has a market capitalization of £3.33 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of -1.15 and a beta of 0.64.

Insider Activity at Man Group

In other Man Group news, insider Anne Wade bought 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average cost of GBX 243 per share, for a total transaction of £14,580. Also, insider Laurie Fitch bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of GBX 242 per share, with a total value of £12,100. Over the last ninety days, insiders acquired 29,050 shares of company stock worth $7,649,800. 7.70% of the stock is owned by company 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.