Dixit Joshi Purchases 46,051 Shares of Man Group Plc (LON:EMG) Stock

Man Group Plc (LON:EMG) insider Dixit Joshi acquired 46,051 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of GBX 217 ($2.75) per share, with a total value of £99,930.67 ($126,735.16).

Man Group Price Performance

EMG stock traded up GBX 4.60 ($0.06) during midday trading on Thursday, reaching GBX 213.80 ($2.71). 6,123,331 shares of the stock were exchanged, compared to its average volume of 7,338,266. Man Group Plc has a 52 week low of GBX 196.87 ($2.50) and a 52 week high of GBX 279.23 ($3.54). The company has a fifty day moving average price of GBX 209.92 and a 200 day moving average price of GBX 211.12. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. The stock has a market capitalization of £3.09 billion, a PE ratio of 10.09, a P/E/G ratio of -1.15 and a beta of 0.71.

Wall Street Analysts Forecast Growth

EMG has been the subject of several research reports. Canaccord Genuity Group raised Man Group to a “buy” rating and lifted their target price for the company from GBX 194 ($2.46) to GBX 272 ($3.45) in a research note on Wednesday, December 11th. Canaccord Genuity Group raised shares of Man Group to a “buy” rating and boosted their price objective for the company from GBX 194 ($2.46) to GBX 272 ($3.45) in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 291.17 ($3.69).

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.