Man Group (LON:EMG) Given New GBX 330 Price Target at Deutsche Bank Aktiengesellschaft

Man Group (LON:EMG) had its price target boosted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 310 to GBX 330 in a research report issued on Wednesday,Digital Look reports. The firm presently has a “hold” rating on the investment management company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 5.43% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 345 target price on shares of Man Group in a research note on Wednesday. Citigroup upped their price objective on Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Man Group currently has an average rating of “Hold” and an average target price of GBX 304.75.

Man Group Stock Up 2.2%

Shares of EMG stock opened at GBX 313 on Wednesday. Man Group has a 12-month low of GBX 154.25 and a 12-month high of GBX 327.20. The company has a quick ratio of 1.58, a current ratio of 0.95 and a debt-to-equity ratio of 18.04. The firm has a fifty day moving average of GBX 293.07 and a 200-day moving average of GBX 272.07. The company has a market capitalization of £3.49 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of -1.15 and a beta of 0.64.

Insider Transactions at Man Group

In related news, insider Laurie Fitch purchased 15,000 shares of Man Group stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of GBX 285 per share, with a total value of £42,750. Also, insider Colin Bell purchased 18,050 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of GBX 276 per share, with a total value of £49,818. 7.72% of the stock is currently owned by insiders.

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.