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

Man Group Plc (LON:EMG)’s stock price reached a new 52-week high on Friday. The stock traded as high as GBX 348.80 and last traded at GBX 342.26, with a volume of 1,092,863 shares trading hands. The stock had previously closed at GBX 336.40.

Wall Street Analysts Forecast Growth

EMG has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on shares of Man Group from GBX 345 to GBX 385 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Citigroup increased their price target on shares of Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Man Group to a “hold” rating and raised their price target for the company from GBX 345 to GBX 360 in a research report on Friday, October 2nd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Man Group presently has a consensus rating of “Hold” and an average target price of GBX 322.25.

Man Group Trading Up 1.3%

The stock has a market cap of £3.78 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63. The company has a debt-to-equity ratio of 19.06, a quick ratio of 1.58 and a current ratio of 2.40. The company has a 50 day moving average of GBX 318.56 and a two-hundred day moving average of GBX 294.92.

Insider Buying and Selling

In other Man Group news, insider Antoine Forterre sold 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total value of £1,535,000. Insiders own 7.71% of the company’s stock.

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. 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.