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

Shares of Man Group Plc (LON:EMG) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 291.17 ($3.66).

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and increased their price objective for the company from GBX 194 ($2.44) to GBX 272 ($3.42) in a research note on Wednesday, December 11th. Canaccord Genuity Group upgraded Man Group to a “buy” rating and upped their target price for the stock from GBX 194 ($2.44) to GBX 272 ($3.42) in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 280 ($3.52) price target on shares of Man Group in a report on Tuesday, September 3rd.

Insider Buying and Selling at Man Group

In other Man Group news, insider Sarah Legg bought 12,108 shares of Man Group stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of GBX 206 ($2.59) per share, with a total value of £24,942.48 ($31,350.53). 0.95% of the stock is owned by insiders.

Man Group Stock Up 0.2 %

Shares of Man Group stock opened at GBX 209.40 ($2.63) on Wednesday. The company has a debt-to-equity ratio of 29.95, a current ratio of 3.23 and a quick ratio of 1.58. The stock has a market cap of £2.41 billion, a price-to-earnings ratio of 1,047.00, a PEG ratio of -1.15 and a beta of 0.71. The firm’s 50-day moving average is GBX 206.77 and its two-hundred day moving average is GBX 223.07. Man Group has a 1 year low of GBX 196.87 ($2.47) and a 1 year high of GBX 279.23 ($3.51).

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.