Man Group (LON:EMG) Reaches New 12-Month High – Here’s Why

Shares of Man Group Plc (LON:EMG) reached a new 52-week high on Monday . The company traded as high as GBX 306.60 and last traded at GBX 306.40, with a volume of 4853667 shares trading hands. The stock had previously closed at GBX 298.

Wall Street Analyst Weigh In

A number of research firms have commented on EMG. Deutsche Bank Aktiengesellschaft lowered Man Group to a “hold” rating and boosted their price objective for the stock from GBX 295 to GBX 310 in a research note on Thursday, June 25th. Citigroup lowered their target price on Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research note on Monday, April 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 280 price target on shares of Man Group in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 271.

Man Group Stock Down 3.2%

The firm’s 50 day moving average price is GBX 283.03 and its 200-day moving average price is GBX 264.79. The company has a current ratio of 0.95, a quick ratio of 1.58 and a debt-to-equity ratio of 18.04. The company has a market cap of £3.28 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of -1.15 and a beta of 0.64.

Insider Buying and Selling

In related news, insider Laurie Fitch purchased 15,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were bought at an average price of GBX 285 per share, with a total value of £42,750. Also, insider Colin Bell purchased 18,050 shares of Man Group stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of GBX 276 per share, for a total transaction of £49,818. 7.72% of the stock is currently owned by company insiders.

Man Group Company Profile

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.