Man Group Plc (LON:EMG) Receives GBX 291.17 Average Price Target from Brokerages

Shares of Man Group Plc (LON:EMG) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 291.17 ($3.65).

EMG has been the topic of several analyst reports. Canaccord Genuity Group upgraded Man Group to a “buy” rating and increased their price objective for the company from GBX 194 ($2.43) to GBX 272 ($3.41) in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 280 ($3.51) price objective on shares of Man Group in a research note on Tuesday, September 3rd. Finally, Canaccord Genuity Group raised Man Group to a “buy” rating and boosted their target price for the company from GBX 194 ($2.43) to GBX 272 ($3.41) in a report on Wednesday, December 11th.

Insiders Place Their Bets

In other Man Group news, insider Sarah Legg acquired 12,108 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of GBX 206 ($2.58) per share, with a total value of £24,942.48 ($31,268.00). 0.95% of the stock is currently owned by company insiders.

Man Group Stock Performance

LON EMG opened at GBX 210.40 ($2.64) on Wednesday. Man Group has a 1-year low of GBX 196.87 ($2.47) and a 1-year high of GBX 279.23 ($3.50). The stock has a 50-day moving average of GBX 206.68 and a two-hundred day moving average of GBX 222.75. The company has a market cap of £2.42 billion, a P/E ratio of 1,052.00, a P/E/G ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 29.95, a current ratio of 3.23 and a quick ratio of 1.58.

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.