Man Group (LON:EMG) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Man Group (LON:EMG) to a buy rating in a research note published on Wednesday morning, Marketbeat reports. Canaccord Genuity Group currently has GBX 272 ($3.43) target price on the investment management company’s stock, up from their previous target price of GBX 194 ($2.45).

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 280 ($3.53) price target on shares of Man Group in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 295 ($3.72).

Man Group Price Performance

Shares of Man Group stock opened at GBX 210.80 ($2.66) on Wednesday. The firm has a market cap of £2.42 billion, a PE ratio of 1,050.00, a PEG ratio of -1.15 and a beta of 0.71. The stock has a 50 day moving average of GBX 207.29 and a 200 day moving average of GBX 225.80. 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 12 month low of GBX 196.87 ($2.48) and a 12 month high of GBX 279.23 ($3.52).

About Man Group

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.