JPMorgan Chase & Co. Issues Positive Forecast for Man Group (LON:EMG) Stock Price

Man Group (LON:EMG) had its target price increased by equities research analysts at JPMorgan Chase & Co. from GBX 188 to GBX 209 in a research note issued to investors on Friday, MarketBeat reports. The brokerage presently has a “neutral” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 0.67% from the stock’s previous close.

EMG has been the subject of several other reports. Citigroup raised their target price on shares of Man Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 240 target price on shares of Man Group in a research report on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 238.83.

Man Group Stock Down 1.2%

Shares of LON:EMG traded down GBX 2.60 during midday trading on Friday, reaching GBX 207.60. The company had a trading volume of 3,608,381 shares, compared to its average volume of 5,667,541. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. Man Group has a one year low of GBX 150.40 and a one year high of GBX 221.52. The stock’s fifty day moving average price is GBX 189.01 and its 200-day moving average price is GBX 177.05. The stock has a market capitalization of £2.32 billion, a P/E ratio of 13.22, a PEG ratio of -1.15 and a beta of 0.71.

Insider Buying and Selling

In other Man Group news, insider Antoine Forterre sold 53,260 shares of Man Group stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of GBX 155, for a total transaction of £82,553. Also, insider Laurie Fitch purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were acquired at an average price of GBX 178 per share, for a total transaction of £35,600. Company insiders own 7.82% 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.