Man Group’s (EMG) Buy Rating Reaffirmed at Jefferies Financial Group
by Doug Wharley · The Cerbat GemMan Group (LON:EMG – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday,Digital Look reports. They presently have a GBX 280 target price on the investment management company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 13.45% from the company’s current price.
Separately, Citigroup decreased their price objective on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Man Group has an average rating of “Moderate Buy” and a consensus target price of GBX 256.
View Our Latest Stock Analysis on EMG
Man Group Price Performance
LON:EMG traded up GBX 1.20 during trading hours on Friday, hitting GBX 246.80. The stock had a trading volume of 3,184,014 shares, compared to its average volume of 14,794,573. The company has a 50 day simple moving average of GBX 258.93 and a two-hundred day simple moving average of GBX 236.67. The firm has a market capitalization of £2.76 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of -1.15 and a beta of 0.66. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58. Man Group has a one year low of GBX 154.25 and a one year high of GBX 281.
Insider Buying and Selling at Man Group
In other Man Group news, insider Laurie Fitch bought 5,000 shares of Man Group stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of GBX 242 per share, with a total value of £12,100. Also, insider Antoine Forterre sold 36,650 shares of Man Group stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total transaction of £93,824. Corporate insiders own 7.83% 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.