Man Group (LON:EMG) Given New GBX 385 Price Target at Jefferies Financial Group

Man Group (LON:EMG) had its price objective raised by Jefferies Financial Group from GBX 345 to GBX 385 in a research report report published on Tuesday,Digital Look reports. The firm currently has a buy rating on the investment management company’s stock.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Man Group to a “hold” rating and increased their price objective for the stock from GBX 345 to GBX 360 in a research note on Friday, October 2nd. Citigroup upped their target price on Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 322.25.

Man Group Stock Up 4.3%

Shares of EMG stock opened at GBX 335.20 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.58 and a debt-to-equity ratio of 19.06. Man Group has a 1 year low of GBX 183.30 and a 1 year high of GBX 348.80. The firm’s fifty day moving average price is GBX 314.78 and its two-hundred day moving average price is GBX 290.49. The firm has a market capitalization of £3.72 billion, a P/E ratio of 11.93, a PEG ratio of -1.15 and a beta of 0.63.

Insiders Place Their Bets

In related news, insider Antoine Forterre sold 500,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 307, for a total transaction of £1,535,000. Insiders own 7.71% of the company’s stock.

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.