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

Deutsche Bank Aktiengesellschaft upgraded shares of Man Group (LON:EMG) to a hold rating in a research note issued to investors on Friday morning, MarketBeat Ratings reports. They currently have GBX 360 target price on the investment management company’s stock, up from their previous target price of GBX 345.

A number of other equities analysts have also recently issued reports on EMG. Jefferies Financial Group reiterated a “buy” rating and set a GBX 345 price objective on shares of Man Group in a research report on Wednesday, July 29th. Citigroup raised their target price on shares of Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 312.25.

Man Group Stock Up 1.8%

EMG stock opened at GBX 322.20 on Friday. The firm has a 50-day moving average price of GBX 313.96 and a 200-day moving average price of GBX 289.18. Man Group has a 12 month low of GBX 183.30 and a 12 month high of GBX 348.80. The company has a current ratio of 2.40, a quick ratio of 1.58 and a debt-to-equity ratio of 19.06. The stock has a market capitalization of £3.57 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63.

Insider Buying and Selling

In other 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. Corporate insiders own 7.71% of the company’s stock.

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.