Man Group (LON:EMG) Given Buy Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Man Group (LON:EMG) in a research note released on Wednesday, Price reports.

EMG has been the topic of a number of other reports. Barclays upped their target price on shares of Man Group from GBX 170 ($2.22) to GBX 210 ($2.74) and gave the company an equal weight rating in a research report on Thursday, July 29th. JPMorgan Chase & Co. upped their target price on shares of Man Group from GBX 240 ($3.14) to GBX 270 ($3.53) and gave the company an overweight rating in a research report on Friday, July 30th. Finally, Morgan Stanley cut their target price on shares of Man Group from GBX 255 ($3.33) to GBX 253 ($3.31) and set an overweight rating on the stock in a research report on Thursday, October 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Man Group has a consensus rating of Buy and a consensus target price of GBX 208.36 ($2.72).

Man Group stock opened at GBX 222.90 ($2.91) on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.69 and a debt-to-equity ratio of 16.04. Man Group has a 1 year low of GBX 105.90 ($1.38) and a 1 year high of GBX 223.40 ($2.92). The company has a market cap of £3.16 billion and a PE ratio of 13.51. The company’s 50-day moving average is GBX 210.68 and its two-hundred day moving average is GBX 311.78.

The business also recently declared a dividend, which was paid on Friday, September 3rd. Stockholders of record on Thursday, August 5th were paid a $0.06 dividend. The ex-dividend date was Thursday, August 5th. This represents a dividend yield of 2.52%. Man Group’s dividend payout ratio (DPR) is presently 0.64%.

In related news, insider Richard Berliand purchased 25,000 shares of the stock in a transaction dated Wednesday, July 28th. The stock was bought at an average cost of GBX 196 ($2.56) per share, with a total value of £49,000 ($64,018.81).

Man Group Company Profile

Man Group plc is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.

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Analyst Recommendations for Man Group (LON:EMG)

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