Man Group PLC (LON:EMG) declared a dividend on Thursday, July 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 6th will be paid a dividend of $0.05 per share by the investment management company on Wednesday, September 2nd. This represents a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, August 6th. The official announcement can be viewed at this link.
LON EMG opened at GBX 124.05 ($1.53) on Friday. Man Group has a one year low of GBX 1.29 ($0.02) and a one year high of GBX 177.10 ($2.18). The company’s 50 day moving average price is GBX 130.70 and its 200 day moving average price is GBX 135.81. 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 firm has a market capitalization of $1.83 billion and a price-to-earnings ratio of 6.74.
EMG has been the topic of several research reports. Citigroup restated a “buy” rating and issued a GBX 150 ($1.85) price target on shares of Man Group in a report on Tuesday, May 12th. Credit Suisse Group lowered shares of Man Group to a “neutral” rating and cut their price target for the company from GBX 150 ($1.85) to GBX 130 ($1.60) in a report on Thursday, June 25th. Barclays cut their price target on shares of Man Group from GBX 160 ($1.97) to GBX 145 ($1.78) and set an “equal weight” rating on the stock in a report on Thursday, April 9th. UBS Group reaffirmed a “buy” rating on shares of Man Group in a research report on Monday, July 27th. Finally, Berenberg Bank downgraded shares of Man Group to a “hold” rating and lowered their price objective for the company from GBX 160 ($1.97) to GBX 148 ($1.82) in a research report on Monday, June 22nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 154.73 ($1.90).
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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