Man Group Plc (LON:EMG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Man Group Plc (LON:EMG) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 291.17 ($3.66).

A number of equities analysts have recently commented on the company. Canaccord Genuity Group upgraded Man Group to a “buy” rating and lifted their target price for the stock from GBX 194 ($2.44) to GBX 272 ($3.42) in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 280 ($3.52) price target on shares of Man Group in a research report on Tuesday, September 3rd. Finally, Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and boosted their price objective for the company from GBX 194 ($2.44) to GBX 272 ($3.42) in a research report on Wednesday, December 11th.

Man Group Stock Up 0.2 %

Man Group stock opened at GBX 209.40 ($2.63) on Wednesday. The stock has a market cap of £2.41 billion, a PE ratio of 1,047.00, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. Man Group has a fifty-two week low of GBX 196.87 ($2.47) and a fifty-two week high of GBX 279.23 ($3.51). The company has a debt-to-equity ratio of 29.95, a quick ratio of 1.58 and a current ratio of 3.23. The firm’s 50-day simple moving average is GBX 206.77 and its 200 day simple moving average is GBX 223.07.

Insider Buying and Selling at Man Group

In related news, insider Sarah Legg acquired 12,108 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of GBX 206 ($2.59) per share, for a total transaction of £24,942.48 ($31,350.53). 0.95% of the stock is currently owned by corporate insiders.

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.