Man Group Plc (LON:EMG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Man Group Plc (LON:EMG) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 291.17 ($3.64).

EMG has been the topic of several research reports. Canaccord Genuity Group raised Man Group to a “buy” rating and upped their target price for the company from GBX 194 ($2.43) to GBX 272 ($3.40) in a research report on Wednesday, December 11th. Canaccord Genuity Group raised shares of Man Group to a “buy” rating and raised their price target for the company from GBX 194 ($2.43) to GBX 272 ($3.40) in a research note on Wednesday, December 11th.

Man Group Stock Up 0.6 %

Man Group stock opened at GBX 212.80 ($2.66) on Thursday. The business has a fifty day moving average of GBX 209.37 and a two-hundred day moving average of GBX 213.95. The company has a quick ratio of 1.58, a current ratio of 3.23 and a debt-to-equity ratio of 29.95. The firm has a market cap of £2.45 billion, a P/E ratio of 1,064.00, a P/E/G ratio of -1.15 and a beta of 0.71. Man Group has a twelve month low of GBX 196.87 ($2.46) and a twelve month high of GBX 279.23 ($3.49).

Insider Buying and Selling at Man Group

In other news, insider Sarah Legg acquired 12,108 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of GBX 206 ($2.58) per share, with a total value of £24,942.48 ($31,182.00). Also, insider Laurie Fitch bought 7,390 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were purchased at an average price of GBX 213 ($2.66) per share, with a total value of £15,740.70 ($19,678.33). 0.95% of the stock is currently owned by corporate insiders.

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.