Man Group (LON:EMG) Price Target Raised to GBX 330

Man Group (LON:EMG) had its price objective boosted by Deutsche Bank Aktiengesellschaft from GBX 310 to GBX 330 in a report released on Wednesday,Digital Look reports. They currently have a hold rating on the investment management company’s stock.

EMG has been the subject of a number of other reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 345 price target on shares of Man Group in a report on Wednesday. Citigroup raised their price target on shares of Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 304.75.

Man Group Price Performance

Shares of LON:EMG opened at GBX 302.20 on Wednesday. The business has a 50 day moving average price of GBX 294.53 and a 200 day moving average price of GBX 273.12. Man Group has a twelve month low of GBX 154.25 and a twelve month high of GBX 327.20. The company has a market cap of £3.37 billion, a price-to-earnings ratio of 20.15, a PEG ratio of -1.15 and a beta of 0.64. The company has a quick ratio of 1.58, a current ratio of 2.02 and a debt-to-equity ratio of 18.96.

Insiders Place Their Bets

In other news, insider Colin Bell acquired 18,050 shares of Man Group stock in a transaction on Wednesday, May 13th. The stock was bought 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 dated Friday, June 26th. The shares were purchased at an average cost of GBX 285 per share, for a total transaction of £42,750. Corporate insiders own 7.72% 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.