Canaccord Genuity Group Upgrades Man Group (LON:EMG) to Buy

Man Group (LON:EMG) was upgraded by stock analysts at Canaccord Genuity Group to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage currently has a GBX 272 ($3.45) price target on the investment management company’s stock, up from their prior price target of GBX 194 ($2.46). Canaccord Genuity Group’s price objective points to a potential upside of 27.58% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 280 ($3.55) price objective on shares of Man Group in a research report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Man Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 295 ($3.74).

Man Group Price Performance

Man Group stock opened at GBX 213.20 ($2.70) on Wednesday. The stock has a market cap of £2.45 billion, a P/E ratio of 1,066.00, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. The company has a fifty day simple moving average of GBX 207.40 and a 200-day simple moving average of GBX 225.89. Man Group has a 12-month low of GBX 196.87 ($2.50) and a 12-month high of GBX 279.23 ($3.54). The company has a current ratio of 3.23, a quick ratio of 1.58 and a debt-to-equity ratio of 29.95.

Man Group Company Profile

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.