Man Group’s (EMG) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Man Group (LON:EMG) in a research report released on Wednesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 345 price objective on the investment management company’s stock.

A number of other equities analysts have also weighed in on EMG. Deutsche Bank Aktiengesellschaft cut Man Group to a “hold” rating and lifted their price target for the stock from GBX 295 to GBX 310 in a research note on Thursday, June 25th. Citigroup upped their price objective on shares of Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 304.75.

Man Group Stock Down 3.5%

Shares of Man Group stock opened at GBX 302.20 on Wednesday. The stock’s fifty day moving average is GBX 294.53 and its 200-day moving average is GBX 273.12. The firm has a market capitalization of £3.37 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of -1.15 and a beta of 0.64. The company has a quick ratio of 1.58, a current ratio of 2.02 and a debt-to-equity ratio of 18.96. Man Group has a 12-month low of GBX 154.25 and a 12-month high of GBX 327.20.

Insider Buying and Selling at Man Group

In other Man Group news, insider Laurie Fitch bought 15,000 shares of Man Group stock in a transaction dated Friday, June 26th. The stock was bought at an average price of GBX 285 per share, for a total transaction of £42,750. Also, insider Colin Bell bought 18,050 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of GBX 276 per share, with a total value of £49,818. Company insiders own 7.72% of the company’s stock.

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.