Man Group (LON:EMG) Sets New 12-Month High – Here’s Why

Shares of Man Group Plc (LON:EMG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 227.60 and last traded at GBX 226.80, with a volume of 107282 shares trading hands. The stock had previously closed at GBX 226.80.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EMG. JPMorgan Chase & Co. raised their target price on Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a report on Friday, November 14th. Citigroup raised their price objective on shares of Man Group from GBX 170 to GBX 190 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 240 target price on shares of Man Group in a research note on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Man Group from GBX 225 to GBX 250 and gave the stock a “buy” rating in a report on Friday, October 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Man Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 222.25.

Man Group Stock Up 0.1%

The firm has a market cap of £2.53 billion, a PE ratio of 14.45, a PEG ratio of -1.15 and a beta of 0.71. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The firm has a 50 day moving average price of GBX 210.80 and a 200-day moving average price of GBX 185.81.

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. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.