Man Group (LON:EMG) Given New GBX 242 Price Target at JPMorgan Chase & Co.

Man Group (LON:EMG) had its target price dropped by stock analysts at JPMorgan Chase & Co. from GBX 247 ($3.19) to GBX 242 ($3.12) in a report issued on Thursday, MarketBeat reports. The brokerage presently has an “overweight” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.46% from the company’s current price.

A number of other research firms also recently weighed in on EMG. Canaccord Genuity Group raised Man Group to a “buy” rating and increased their target price for the company from GBX 194 ($2.50) to GBX 272 ($3.51) in a report on Wednesday, December 11th. Canaccord Genuity Group raised Man Group to a “buy” rating and increased their target price for the company from GBX 194 ($2.50) to GBX 272 ($3.51) in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 281.67 ($3.64).

Man Group Stock Down 0.3 %

EMG stock opened at GBX 207.80 ($2.68) on Thursday. Man Group has a fifty-two week low of GBX 196.87 ($2.54) and a fifty-two week high of GBX 279.23 ($3.61). The business’s 50-day moving average is GBX 209.46 and its two-hundred day moving average is GBX 209.53. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. The company has a market cap of £3.00 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of -1.15 and a beta of 0.71.

Insiders Place Their Bets

In other Man Group news, insider Dixit Joshi bought 46,051 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of GBX 217 ($2.80) per share, for a total transaction of £99,930.67 ($129,026.04). Also, insider Laurie Fitch bought 7,390 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average price of GBX 213 ($2.75) per share, with a total value of £15,740.70 ($20,323.69). Company insiders own 0.95% of the company’s stock.

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.