UBS Group upgraded shares of Man Group (LON:EMG) to a buy rating in a research report sent to investors on Monday morning, Stock Target Advisor reports. The brokerage currently has GBX 145 ($1.91) target price on the investment management company’s stock, down from their previous target price of GBX 155 ($2.04).
A number of other equities analysts have also recently weighed in on EMG. BNP Paribas upgraded Man Group to an outperform rating and upped their price target for the stock from GBX 160 ($2.10) to GBX 170 ($2.24) in a report on Wednesday, February 19th. Shore Capital restated a buy rating on shares of Man Group in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price target on Man Group from GBX 161 ($2.12) to GBX 128 ($1.68) and set a neutral rating for the company in a report on Wednesday, March 18th. Credit Suisse Group decreased their price target on Man Group from GBX 180 ($2.37) to GBX 160 ($2.10) and set an outperform rating for the company in a report on Thursday, March 5th. Finally, Citigroup initiated coverage on Man Group in a report on Friday, January 24th. They issued a neutral rating for the company. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 164.78 ($2.17).
EMG opened at GBX 123.85 ($1.63) on Monday. The firm has a 50 day moving average price of GBX 136.26 and a 200 day moving average price of GBX 151.03. The company has a market cap of $1.87 billion and a PE ratio of 6.73. Man Group has a 1 year low of GBX 84.72 ($1.11) and a 1 year high of GBX 177.10 ($2.33). The company has a debt-to-equity ratio of 21.12, a quick ratio of 2.22 and a current ratio of 2.56.
The business also recently declared a dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 2nd will be issued a $0.05 dividend. This represents a yield of 2.71%. The ex-dividend date of this dividend is Thursday, April 2nd. Man Group’s dividend payout ratio is presently 0.43%.
In other Man Group news, insider Luke Ellis bought 626,982 shares of Man Group stock in a transaction dated Tuesday, March 17th. The stock was bought at an average cost of GBX 95 ($1.25) per share, for a total transaction of £595,632.90 ($783,521.31).
Man Group Company Profile
Man Group plc provides alternative investment management services worldwide. The company offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries.
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