Man Group (LON:EMG) Hits New 12-Month High – Time to Buy?

Shares of Man Group Plc (LON:EMG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 272.20 and last traded at GBX 270, with a volume of 1269516 shares traded. The stock had previously closed at GBX 260.60.

Wall Street Analyst Weigh In

EMG has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Man Group from GBX 188 to GBX 209 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Citigroup increased their price target on shares of Man Group from GBX 190 to GBX 275 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Jefferies Financial Group boosted their price objective on shares of Man Group from GBX 240 to GBX 280 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a research report on Friday, October 17th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 253.50.

Man Group Stock Up 2.9%

The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The firm has a market capitalization of £2.99 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. The firm has a 50 day moving average price of GBX 242.48 and a two-hundred day moving average price of GBX 204.04.

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.