Man Group (LON:EMG) Price Target Raised to GBX 3,250 at Citigroup

Man Group (LON:EMG) had its target price boosted by analysts at Citigroup from GBX 2,850 to GBX 3,250 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the investment management company’s stock.

Several other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Man Group to a “hold” rating and raised their price objective for the stock from GBX 295 to GBX 310 in a report on Thursday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 280 price objective on shares of Man Group in a research note on Friday, April 24th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 1,012.25.

Man Group Price Performance

Shares of LON:EMG opened at GBX 307.20 on Monday. Man Group has a 1-year low of GBX 154.25 and a 1-year high of GBX 307.80. The firm has a market capitalization of £3.43 billion, a PE ratio of 20.48, a PEG ratio of -1.15 and a beta of 0.64. 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 business’s 50 day moving average is GBX 280.66 and its 200-day moving average is GBX 263.57.

Insider Transactions at Man Group

In other Man Group news, insider Colin Bell purchased 18,050 shares of Man Group stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of GBX 276 per share, for a total transaction of £49,818. Also, insider Laurie Fitch acquired 15,000 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was bought at an average price of GBX 285 per share, for a total transaction of £42,750. Company insiders own 7.70% 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.