Key Points
- Insider buying: Man Group insider Laurie Fitch bought 15,000 shares on June 26 at GBX 285 each, totaling £42,750.
- Stock context: EMG shares opened at GBX 287.80, near their 52-week high of GBX 305.80, and the company has a market value of about £3.22 billion.
- Analyst sentiment: Broker views are mixed, with one Buy rating and three Hold ratings overall, leaving the stock at an average Hold and a consensus target price of GBX 271.
Man Group Plc (LON:EMG - Get Free Report) insider Laurie Fitch acquired 15,000 shares of the company's stock in a transaction dated Friday, June 26th. The stock was bought at an average cost of GBX 285 per share, for a total transaction of £42,750.
Man Group Stock Performance
Shares of EMG stock opened at GBX 287.80 on Friday. The company has a market capitalization of £3.22 billion, a price-to-earnings ratio of 19.19, a PEG ratio of -1.15 and a beta of 1.46. The company has a debt-to-equity ratio of 18.04, a quick ratio of 1.58 and a current ratio of 0.95. The company has a 50-day simple moving average of GBX 277.56 and a 200 day simple moving average of GBX 260.34. Man Group Plc has a 52 week low of GBX 154.25 and a 52 week high of GBX 305.80.
Analyst Ratings Changes
Several brokerages have issued reports on EMG. Jefferies Financial Group restated a "buy" rating and set a GBX 280 price objective on shares of Man Group in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft downgraded Man Group to a "hold" rating and upped their target price for the company from GBX 295 to GBX 310 in a research report on Thursday. Finally, Citigroup lowered their target price on Man Group from GBX 290 to GBX 285 and set a "neutral" rating on the stock in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of GBX 271.
Check Out Our Latest Stock Analysis on Man Group
About Man Group
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
