Man Group Plc (LON:EMG) Receives GBX 281.67 Average PT from Brokerages

Shares of Man Group Plc (LON:EMG) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 281.67 ($3.64).

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group raised shares of Man Group to a “buy” rating and raised their price target for the stock from GBX 194 ($2.51) to GBX 272 ($3.52) in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their target price on shares of Man Group from GBX 247 ($3.19) to GBX 242 ($3.13) and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, Canaccord Genuity Group upgraded Man Group to a “buy” rating and upped their price target for the company from GBX 194 ($2.51) to GBX 272 ($3.52) in a research report on Wednesday, December 11th.

Man Group Trading Down 1.7 %

Shares of EMG stock opened at GBX 194.80 ($2.52) on Friday. Man Group has a fifty-two week low of GBX 194.30 ($2.51) and a fifty-two week high of GBX 279.23 ($3.61). The firm has a market capitalization of £2.81 billion, a P/E ratio of 9.19, a PEG ratio of -1.15 and a beta of 0.71. The stock’s fifty day moving average is GBX 209.28 and its two-hundred day moving average is GBX 209.19. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99.

Man Group Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be paid a $0.12 dividend. This is a boost from Man Group’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 4.25%. Man Group’s dividend payout ratio is 61.33%.

Insider Activity

In other news, insider Dixit Joshi bought 46,051 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were bought at an average price of GBX 217 ($2.81) per share, with a total value of £99,930.67 ($129,192.85). Also, insider Robyn Grew sold 299,898 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 210 ($2.71), for a total value of £629,785.80 ($814,202.71). Corporate 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.