Man Group (LON:EMG) Reaches New 1-Year High on Analyst Upgrade

Shares of Man Group Plc (LON:EMG) hit a new 52-week high during mid-day trading on Tuesday after Deutsche Bank Aktiengesellschaft upgraded the stock to a buy rating. Deutsche Bank Aktiengesellschaft now has a GBX 295 price target on the stock, up from their previous price target of GBX 280. Man Group traded as high as GBX 292.80 and last traded at GBX 282.60, with a volume of 2924966 shares traded. The stock had previously closed at GBX 274.80.

A number of other brokerages have also issued reports on EMG. Jefferies Financial Group reissued a “buy” rating and issued a GBX 280 target price on shares of Man Group in a research report on Friday, April 24th. Citigroup dropped their target price on Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 267.25.

Insider Buying and Selling at Man Group

In related news, insider Antoine Forterre sold 36,650 shares of Man Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total transaction of £93,824. Also, insider Robyn Grew sold 210,263 shares of Man Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total value of £538,273.28. Insiders have purchased a total of 29,050 shares of company stock valued at $7,649,800 in the last three months. Corporate insiders own 7.83% of the company’s stock.

Man Group Price Performance

The firm has a market cap of £3.16 billion, a P/E ratio of 18.84, a PEG ratio of -1.15 and a beta of 0.63. The business has a fifty day moving average of GBX 262.74 and a 200 day moving average of GBX 249.20. The company has a quick ratio of 1.58, a current ratio of 0.95 and a debt-to-equity ratio of 18.04.

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.