Man Group Plc (LON:EMG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Man Group Plc (LON:EMG) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 291.17 ($3.56).

A number of brokerages have weighed in on EMG. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and lifted their price target for the company from GBX 194 ($2.37) to GBX 272 ($3.32) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and upped their target price for the company from GBX 194 ($2.37) to GBX 272 ($3.32) in a research note on Wednesday, December 11th.

Insider Buying and Selling at Man Group

In other Man Group news, insider Laurie Fitch bought 7,390 shares of the stock in a transaction on Tuesday, December 31st. The shares were purchased at an average cost of GBX 213 ($2.60) per share, with a total value of £15,740.70 ($19,219.41). Also, insider Sarah Legg purchased 12,108 shares of Man Group stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of GBX 206 ($2.52) per share, with a total value of £24,942.48 ($30,454.80). Company insiders own 0.95% of the company’s stock.

Man Group Price Performance

Man Group stock opened at GBX 205.22 ($2.51) on Friday. The company has a debt-to-equity ratio of 29.95, a quick ratio of 1.58 and a current ratio of 3.23. The business has a fifty day moving average of GBX 208.13 and a two-hundred day moving average of GBX 219.12. Man Group has a one year low of GBX 196.87 ($2.40) and a one year high of GBX 279.23 ($3.41). The company has a market cap of £2.36 billion, a P/E ratio of 1,026.10, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

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.