Man Group Plc (LON:EMG) Receives GBX 291.17 Average Price Target from Brokerages

Man Group Plc (LON:EMG) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 291.17 ($3.55).

Several research firms have weighed in on EMG. Canaccord Genuity Group raised Man Group to a “buy” rating and upped their target price for the company from GBX 194 ($2.37) to GBX 272 ($3.32) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and lifted their target price for the stock from GBX 194 ($2.37) to GBX 272 ($3.32) in a research report on Wednesday, December 11th.

Man Group Stock Performance

Shares of EMG stock opened at GBX 200 ($2.44) on Friday. The company has a current ratio of 3.23, a quick ratio of 1.58 and a debt-to-equity ratio of 29.95. The stock has a 50 day simple moving average of GBX 208.22 and a 200-day simple moving average of GBX 218.38. The company has a market cap of £2.30 billion, a price-to-earnings ratio of 1,000.00, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. Man Group has a 12-month low of GBX 196.87 ($2.40) and a 12-month high of GBX 279.23 ($3.41).

Insider Buying and Selling

In related news, insider Sarah Legg purchased 12,108 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of GBX 206 ($2.51) per share, for a total transaction of £24,942.48 ($30,451.08). Also, insider Laurie Fitch acquired 7,390 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were bought at an average cost of GBX 213 ($2.60) per share, with a total value of £15,740.70 ($19,217.07). 0.95% of the stock is currently owned by 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.