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

Shares of Man Group Plc (LON:EMG) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 291.17 ($3.64).

A number of research analysts have issued reports on EMG shares. Canaccord Genuity Group raised shares of Man Group to a “buy” rating and increased their target price for the company from GBX 194 ($2.43) to GBX 272 ($3.40) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and raised their target price for the stock from GBX 194 ($2.43) to GBX 272 ($3.40) in a research report on Wednesday, December 11th.

Insider Activity

In other news, insider Laurie Fitch bought 7,390 shares of Man Group stock in a transaction on Tuesday, December 31st. The stock was purchased at an average cost of GBX 213 ($2.66) per share, with a total value of £15,740.70 ($19,678.33). Also, insider Sarah Legg bought 12,108 shares of Man Group stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of GBX 206 ($2.58) per share, with a total value of £24,942.48 ($31,182.00). Company insiders own 0.95% of the company’s stock.

Man Group Price Performance

Shares of LON:EMG opened at GBX 212.80 ($2.66) on Thursday. The stock has a market capitalization of £2.45 billion, a price-to-earnings ratio of 1,064.00, a PEG ratio of -1.15 and a beta of 0.71. Man Group has a one year low of GBX 196.87 ($2.46) and a one year high of GBX 279.23 ($3.49). The company has a 50-day simple moving average of GBX 209.37 and a 200-day simple moving average of GBX 213.95. The company has a debt-to-equity ratio of 29.95, a quick ratio of 1.58 and a current ratio of 3.23.

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.