Insider Buying: Man Group Plc (LON:EMG) Insider Purchases £15,740.70 in Stock

Man Group Plc (LON:EMG) insider Laurie Fitch acquired 7,390 shares of Man Group stock in a transaction on Tuesday, December 31st. The stock was acquired at an average cost of GBX 213 ($2.65) per share, for a total transaction of £15,740.70 ($19,553.66).

Man Group Trading Down 0.1 %

Shares of EMG opened at GBX 214.40 ($2.66) on Friday. The stock’s fifty day simple moving average is GBX 207.39 and its 200-day simple moving average is GBX 220.71. The firm has a market capitalization of £2.47 billion, a PE ratio of 1,072.00, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. Man Group Plc has a 12-month low of GBX 196.87 ($2.45) and a 12-month high of GBX 279.23 ($3.47). The company has a quick ratio of 1.58, a current ratio of 3.23 and a debt-to-equity ratio of 29.95.

Wall Street Analyst Weigh In

EMG has been the subject of a number of research analyst reports. Canaccord Genuity Group raised Man Group to a “buy” rating and lifted their price target for the company from GBX 194 ($2.41) to GBX 272 ($3.38) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and raised their price objective for the company from GBX 194 ($2.41) to GBX 272 ($3.38) in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 291.17 ($3.62).

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.