Man Group (LON:EMG) Reaches New 1-Year High on Analyst Upgrade

Man Group Plc (LON:EMG) reached a new 52-week high on Tuesday after Deutsche Bank Aktiengesellschaft upgraded the stock to a buy rating. Deutsche Bank Aktiengesellschaft now has a GBX 295 price target on the stock, up from their previous price target of GBX 280. Man Group traded as high as GBX 292.80 and last traded at GBX 282.60, with a volume of 2924966 shares trading hands. The stock had previously closed at GBX 274.80.

Other analysts have also recently issued reports about the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 280 price objective on shares of Man Group in a report on Friday, April 24th. Citigroup dropped their price objective on Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 267.25.

Insider Activity at Man Group

In other news, insider Anne Wade acquired 6,000 shares of Man Group stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of GBX 243 per share, with a total value of £14,580. Also, insider Laurie Fitch acquired 5,000 shares of Man Group stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of GBX 242 per share, for a total transaction of £12,100. In the last three months, insiders acquired 29,050 shares of company stock worth $7,649,800. 7.83% of the stock is owned by company insiders.

Man Group Trading Up 2.8%

The business has a 50 day simple moving average of GBX 262.74 and a 200-day simple moving average of GBX 249.20. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58. The stock has a market capitalization of £3.16 billion, a price-to-earnings ratio of 18.84, a PEG ratio of -1.15 and a beta of 0.63.

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.