Brokerages Set Man Group Plc (LON:EMG) Target Price at GBX 291.17

Shares of Man Group Plc (LON:EMG) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 291.17 ($3.54).

EMG has been the topic of a number of research reports. Canaccord Genuity Group upgraded Man Group to a “buy” rating and increased their price objective for the stock from GBX 194 ($2.36) to GBX 272 ($3.31) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and raised their price target for the company from GBX 194 ($2.36) to GBX 272 ($3.31) in a report on Wednesday, December 11th.

Man Group Stock Performance

Shares of EMG stock opened at GBX 208.60 ($2.54) on Friday. Man Group has a fifty-two week low of GBX 196.87 ($2.40) and a fifty-two week high of GBX 279.23 ($3.40). The stock’s 50-day moving average is GBX 208.62 and its two-hundred day moving average is GBX 217.82. The company has a debt-to-equity ratio of 29.95, a current ratio of 3.23 and a quick ratio of 1.58. The firm has a market cap of £2.40 billion, a P/E ratio of 1,043.00, a PEG ratio of -1.15 and a beta of 0.71.

Insider Activity

In other Man Group news, insider Laurie Fitch acquired 7,390 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was acquired at an average price of GBX 213 ($2.59) per share, with a total value of £15,740.70 ($19,151.60). Also, insider Sarah Legg bought 12,108 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of GBX 206 ($2.51) per share, with a total value of £24,942.48 ($30,347.34). Insiders own 0.95% 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.