Man Group (LON:EMG) Hits New 1-Year High – Here’s What Happened

Man Group Plc (LON:EMG) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 227.60 and last traded at GBX 226.80, with a volume of 107282 shares trading hands. The stock had previously closed at GBX 226.80.

Analyst Ratings Changes

Several analysts recently commented on EMG shares. Citigroup raised their price target on shares of Man Group from GBX 170 to GBX 190 and gave the company a “buy” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. raised their target price on Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a research report on Friday, November 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 240 price target on shares of Man Group in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Man Group from GBX 225 to GBX 250 and gave the stock a “buy” rating in a research report on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 222.25.

Man Group Stock Performance

The stock has a market cap of £2.54 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of -1.15 and a beta of 0.71. The firm’s 50-day moving average is GBX 211.78 and its two-hundred day moving average is GBX 186.60. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76.

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.