Man Group (LON:EMG) Price Target Lowered to GBX 242 at JPMorgan Chase & Co.

Man Group (LON:EMG) had its price target cut by stock analysts at JPMorgan Chase & Co. from GBX 247 ($3.21) to GBX 242 ($3.15) in a report issued on Thursday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 16.35% from the stock’s previous close.

A number of other brokerages have also recently commented on EMG. Canaccord Genuity Group upgraded Man Group to a “buy” rating and increased their target price for the company from GBX 194 ($2.52) to GBX 272 ($3.54) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded Man Group to a “buy” rating and boosted their price target for the company from GBX 194 ($2.52) to GBX 272 ($3.54) in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Man Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 281.67 ($3.66).

Man Group Price Performance

Man Group stock traded down GBX 3.80 ($0.05) during midday trading on Thursday, reaching GBX 208 ($2.71). The company’s stock had a trading volume of 1,183,967 shares, compared to its average volume of 10,193,931. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. Man Group has a fifty-two week low of GBX 196.87 ($2.56) and a fifty-two week high of GBX 279.23 ($3.63). The firm has a market capitalization of £3.00 billion, a PE ratio of 9.81, a P/E/G ratio of -1.15 and a beta of 0.71. The stock’s 50 day simple moving average is GBX 209.38 and its 200 day simple moving average is GBX 209.62.

Insider Buying and Selling

In other Man Group news, insider Dixit Joshi bought 46,051 shares of Man Group stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of GBX 217 ($2.82) per share, for a total transaction of £99,930.67 ($129,999.57). Also, insider Robyn Grew sold 299,898 shares of Man Group stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 210 ($2.73), for a total transaction of £629,785.80 ($819,286.85). 0.95% of the stock is owned by corporate insiders.

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.