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

Shares of Man Group Plc (LON:EMG) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 281.67 ($3.65).

Several equities research analysts have recently commented on the company. Canaccord Genuity Group upgraded Man Group to a “buy” rating and upped their price target for the stock from GBX 194 ($2.51) to GBX 272 ($3.52) in a research note on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and upped their price objective for the stock from GBX 194 ($2.51) to GBX 272 ($3.52) in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Man Group from GBX 247 ($3.20) to GBX 242 ($3.13) and set an “overweight” rating on the stock in a report on Thursday, March 20th.

Insider Buying and Selling

In related news, insider Robyn Grew sold 299,898 shares of Man Group stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.72), for a total transaction of £629,785.80 ($815,362.25). Also, insider Laurie Fitch acquired 7,390 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was bought at an average cost of GBX 213 ($2.76) per share, for a total transaction of £15,740.70 ($20,378.95). Corporate insiders own 0.95% of the company’s stock.

Man Group Price Performance

Shares of EMG opened at GBX 208.20 ($2.70) on Friday. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. Man Group has a 1-year low of GBX 196.87 ($2.55) and a 1-year high of GBX 279.23 ($3.62). The stock has a market cap of £3.01 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. The firm has a fifty day moving average price of GBX 209.86 and a 200 day moving average price of GBX 209.42.

Man Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th will be issued a $0.12 dividend. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Man Group’s previous dividend of $0.06. Man Group’s dividend payout ratio (DPR) is 61.33%.

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.