Man Group (LON:EMG) Sets New 1-Year High – Still a Buy?

Shares of Man Group Plc (LON:EMG) hit a new 52-week high on Thursday . The stock traded as high as GBX 272.20 and last traded at GBX 270, with a volume of 1269516 shares traded. The stock had previously closed at GBX 260.60.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Man Group from GBX 225 to GBX 250 and gave the stock a “buy” rating in a report on Friday, October 17th. Citigroup lifted their price objective on Man Group from GBX 190 to GBX 275 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Jefferies Financial Group boosted their price objective on Man Group from GBX 240 to GBX 280 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. raised 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 253.50.

Man Group Stock Up 2.9%

The business has a 50 day moving average of GBX 242.48 and a 200-day moving average of GBX 204.04. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The stock has a market cap of £2.99 billion, a PE ratio of 17.08, a P/E/G ratio of -1.15 and a beta of 0.71.

About Man Group

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. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.