Man Group (LON:EMG) Reaches New 12-Month High – Still a Buy?

Shares of Man Group Plc (LON:EMG) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 221.60 and last traded at GBX 219.40, with a volume of 1317687 shares. The stock had previously closed at GBX 219.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a report on Friday, November 14th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 240 price objective on shares of Man Group in a research note on Wednesday, October 22nd. Citigroup raised their target price on shares of Man Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a report on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Man Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 222.25.

Man Group Stock Performance

The company has a market cap of £2.45 billion, a PE ratio of 13.96, a P/E/G ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. The stock’s 50-day simple moving average is GBX 205.52 and its 200 day simple moving average is GBX 183.10.

Insider Buying and Selling

In other Man Group news, insider Laurie Fitch bought 20,000 shares of Man Group stock in a transaction on Tuesday, September 23rd. The stock was bought at an average price of GBX 178 per share, with a total value of £35,600. 7.83% of the stock is currently owned by insiders.

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.