Deutsche Bank Aktiengesellschaft Downgrades Man Group (LON:EMG) to Hold

Man Group (LON:EMG) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a report issued on Thursday,Digital Look reports. They presently have a GBX 310 price objective on the investment management company’s stock, up from their previous price objective of GBX 295. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 5.32% from the stock’s current price.

EMG has been the topic of a number of other research reports. Citigroup dropped their target price on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Jefferies Financial Group restated a “buy” rating and issued a GBX 280 target price on shares of Man Group in a research note on Friday, April 24th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 271.

Man Group Trading Down 0.8%

LON EMG opened at GBX 294.33 on Thursday. The business has a 50 day simple moving average of GBX 276.48 and a 200 day simple moving average of GBX 259.58. Man Group has a one year low of GBX 154.25 and a one year high of GBX 305.80. The stock has a market capitalization of £3.29 billion, a P/E ratio of 19.62, a P/E/G ratio of -1.15 and a beta of 1.46. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58.

Insider Transactions at Man Group

In other news, insider Colin Bell acquired 18,050 shares of Man Group stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of GBX 276 per share, with a total value of £49,818. Company insiders own 7.70% of the company’s stock.

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. 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.