Man Group (LON:EMG) Price Target Raised to GBX 324

Man Group (LON:EMG) had its price objective upped by Morgan Stanley from GBX 322 ($4.18) to GBX 324 ($4.20) in a report issued on Thursday morning, Marketbeat.com reports. They currently have an equal weight rating on the investment management company’s stock.

Other equities research analysts have also recently issued reports about the stock. Numis Securities reaffirmed an add rating and set a GBX 300 ($3.89) price objective on shares of Man Group in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Man Group from GBX 315 ($4.09) to GBX 325 ($4.21) and gave the stock a buy rating in a research report on Tuesday, June 4th.

Man Group Stock Performance

LON:EMG opened at GBX 252.60 ($3.28) on Thursday. The company has a fifty day simple moving average of GBX 253.13 and a two-hundred day simple moving average of GBX 248.93. The company has a market cap of £2.93 billion, a price-to-earnings ratio of 1,684.00, a price-to-earnings-growth ratio of -1.15 and a beta of 0.74. The company has a quick ratio of 1.58, a current ratio of 2.04 and a debt-to-equity ratio of 29.03. Man Group has a 52 week low of GBX 200.50 ($2.60) and a 52 week high of GBX 279.23 ($3.62).

Insider Transactions at Man Group

In other news, insider Dixit Joshi acquired 38,183 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average cost of GBX 261 ($3.38) per share, with a total value of £99,657.63 ($129,240.86). Corporate insiders own 0.99% of the company’s stock.

Man Group Company Profile

Man Group Limited 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.