Analysts Set Man Group Plc (LON:EMG) PT at GBX 281.67

Shares of Man Group Plc (LON:EMG) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 281.67 ($3.64).

Several analysts have issued reports on EMG shares. Canaccord Genuity Group upgraded Man Group to a “buy” rating and upped their price objective for the company from GBX 194 ($2.51) to GBX 272 ($3.52) in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their price target on Man Group from GBX 247 ($3.19) to GBX 242 ($3.13) and set an “overweight” rating for the company in a report on Thursday, March 20th. Finally, Canaccord Genuity Group raised shares of Man Group to a “buy” rating and lifted their price objective for the stock from GBX 194 ($2.51) to GBX 272 ($3.52) in a research report on Wednesday, December 11th.

Man Group Price Performance

LON EMG opened at GBX 208.20 ($2.69) 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. The company’s 50 day simple moving average is GBX 209.85 and its 200 day simple moving average is GBX 209.40. The firm has a market capitalization of £3.01 billion, a PE ratio of 9.82, a P/E/G ratio of -1.15 and a beta of 0.71. Man Group has a 12 month low of GBX 196.87 ($2.55) and a 12 month high of GBX 279.23 ($3.61).

Man Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be paid a $0.12 dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.25%. This is an increase from Man Group’s previous dividend of $0.06. Man Group’s dividend payout ratio is currently 61.33%.

Insider Buying and Selling

In related news, insider Laurie Fitch purchased 7,390 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was purchased at an average cost of GBX 213 ($2.75) per share, with a total value of £15,740.70 ($20,352.60). Also, insider Robyn Grew sold 299,898 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.72), for a total transaction of £629,785.80 ($814,307.99). 0.95% of the stock is owned by corporate insiders.

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.