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

Man Group Plc (LON:EMG) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 291.17 ($3.62).

A number of research firms have recently issued reports on EMG. Canaccord Genuity Group upgraded Man Group to a “buy” rating and upped their price target for the company from GBX 194 ($2.41) to GBX 272 ($3.39) in a research report on Wednesday, December 11th. Canaccord Genuity Group raised Man Group to a “buy” rating and increased their price target for the company from GBX 194 ($2.41) to GBX 272 ($3.39) in a report on Wednesday, December 11th.

Insider Activity at Man Group

In other Man Group news, insider Laurie Fitch acquired 7,390 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was bought at an average cost of GBX 213 ($2.65) per share, for a total transaction of £15,740.70 ($19,592.61). Also, insider Sarah Legg acquired 12,108 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of GBX 206 ($2.56) per share, with a total value of £24,942.48 ($31,046.15). Insiders own 0.95% of the company’s stock.

Man Group Price Performance

LON:EMG opened at GBX 208.22 ($2.59) on Thursday. Man Group has a 12 month low of GBX 196.87 ($2.45) and a 12 month high of GBX 279.23 ($3.48). The stock has a 50 day moving average of GBX 209.56 and a two-hundred day moving average of GBX 212.39. The company has a current ratio of 3.23, a quick ratio of 1.58 and a debt-to-equity ratio of 29.95. The firm has a market cap of £2.39 billion, a P/E ratio of 1,041.10, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

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.