Key Points
- Man Group insider Laurie Fitch bought 7,500 shares at GBX 301 each, for a total of £22,575.
- Analyst sentiment is broadly neutral: the stock has an average “Hold” rating and an average price target of GBX 321. Jefferies raised its target to GBX 385 and rated it “Buy,” while Deutsche Bank cut its target to GBX 355 and maintained “Hold.”
- Man Group shares opened at GBX 294; the company has a market capitalization of £3.26 billion and a 12-month trading range of GBX 197 to GBX 348.80.
Man Group Plc (LON:EMG - Get Free Report) insider Laurie Fitch acquired 7,500 shares of the stock in a transaction dated Friday, November 6th. The stock was acquired at an average price of GBX 301 per share, for a total transaction of £22,575.
Man Group Stock Performance
EMG opened at GBX 294 on Tuesday. 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 company has a market cap of £3.26 billion, a price-to-earnings ratio of 10.46, a PEG ratio of -1.15 and a beta of 0.63. The company's 50 day moving average is GBX 324.56 and its 200 day moving average is GBX 289.91. Man Group Plc has a 12-month low of GBX 197 and a 12-month high of GBX 348.80.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Man Group from GBX 365 to GBX 355 and set a "hold" rating on the stock in a research report on Friday. Citigroup boosted their price objective 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. Finally, Jefferies Financial Group upped their price objective on Man Group from GBX 345 to GBX 385 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Man Group currently has an average rating of "Hold" and an average target price of GBX 321.
Read Our Latest Report on EMG
Man Group Company Profile
(
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.
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