Brokerages Set Man Group Plc (LON:EMG) Target Price at GBX 291.17

Man Group Plc (LON:EMG) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 291.17 ($3.60).

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and boosted their price objective for the stock from GBX 194 ($2.40) to GBX 272 ($3.36) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded Man Group to a “buy” rating and raised their target price for the company from GBX 194 ($2.40) to GBX 272 ($3.36) in a research note on Wednesday, December 11th.

Insider Activity

In other news, insider Sarah Legg bought 12,108 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of GBX 206 ($2.55) per share, with a total value of £24,942.48 ($30,823.63). Also, insider Laurie Fitch bought 7,390 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average price of GBX 213 ($2.63) per share, for a total transaction of £15,740.70 ($19,452.17). Corporate insiders own 0.95% of the company’s stock.

Man Group Trading Up 1.4 %

Shares of LON:EMG opened at GBX 211.60 ($2.61) on Thursday. The firm has a fifty day moving average price of GBX 209.45 and a 200 day moving average price of GBX 213.02. The company has a current ratio of 3.23, a quick ratio of 1.58 and a debt-to-equity ratio of 29.95. Man Group has a 1 year low of GBX 196.87 ($2.43) and a 1 year high of GBX 279.23 ($3.45). The stock has a market capitalization of £2.43 billion, a PE ratio of 1,058.00, a P/E/G ratio of -1.15 and a beta of 0.71.

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.