Man Group (LON:EMG) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Man Group (LON:EMG) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a report issued on Monday,London Stock Exchange reports. The brokerage currently has a GBX 295 price objective on the investment management company’s stock, up from their prior price objective of GBX 280. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 5.73% from the stock’s previous close.

EMG has been the subject of a number of other research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 280 target price on shares of Man Group in a research report on Friday, April 24th. Citigroup cut their target price on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 267.25.

Man Group Stock Up 1.5%

Man Group stock opened at GBX 279 on Monday. The firm has a market cap of £3.12 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of -1.15 and a beta of 0.63. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58. Man Group has a fifty-two week low of GBX 154.25 and a fifty-two week high of GBX 287.40. The firm has a fifty day moving average price of GBX 262.04 and a two-hundred day moving average price of GBX 248.69.

Insider Activity at Man Group

In related news, insider Anne Wade acquired 6,000 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were bought at an average price of GBX 243 per share, for a total transaction of £14,580. Also, insider Colin Bell purchased 18,050 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of GBX 276 per share, with a total value of £49,818. In the last 90 days, insiders have purchased 29,050 shares of company stock worth $7,649,800. Insiders own 7.83% of the company’s stock.

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. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.