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

Shares of Man Group Plc (LON:EMG) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 291.17 ($3.65).

A number of research firms have issued reports on EMG. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 280 ($3.51) target price on shares of Man Group in a research note on Tuesday, September 3rd. Canaccord Genuity Group upgraded Man Group to a “buy” rating and boosted their price objective for the stock from GBX 194 ($2.43) to GBX 272 ($3.41) in a research report on Wednesday, December 11th. Finally, Canaccord Genuity Group raised Man Group to a “buy” rating and lifted their target price for the company from GBX 194 ($2.43) to GBX 272 ($3.41) in a research note on Wednesday, December 11th.

Man Group Stock Performance

EMG stock opened at GBX 210.40 ($2.64) on Wednesday. The stock’s fifty day moving average is GBX 206.68 and its two-hundred day moving average is GBX 222.75. The stock has a market capitalization of £2.42 billion, a price-to-earnings ratio of 1,052.00, a PEG ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 29.95, a quick ratio of 1.58 and a current ratio of 3.23. Man Group has a 1 year low of GBX 196.87 ($2.47) and a 1 year high of GBX 279.23 ($3.50).

Insider Activity

In related news, insider Sarah Legg purchased 12,108 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were bought at an average price of GBX 206 ($2.58) per share, with a total value of £24,942.48 ($31,268.00). 0.95% of the stock is owned by insiders.

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.