Jefferies Financial Group Forecasts Strong Price Appreciation for Man Group (LON:EMG) Stock

Man Group (LON:EMG) had its price objective boosted by research analysts at Jefferies Financial Group from GBX 240 to GBX 280 in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the investment management company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 8.11% from the stock’s current price.

Several other research analysts have also recently commented on EMG. Citigroup increased their target price on shares of Man Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Man Group from GBX 225 to GBX 250 and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. raised their price objective on Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a report on Friday, November 14th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 253.50.

Man Group Trading Up 0.3%

LON EMG opened at GBX 259 on Tuesday. Man Group has a 52 week low of GBX 150.40 and a 52 week high of GBX 272.20. 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 stock’s 50 day moving average price is GBX 225.37 and its two-hundred day moving average price is GBX 195.27. The stock has a market capitalization of £2.89 billion, a price-to-earnings ratio of 16.50, a PEG ratio of -1.15 and a beta of 0.71.

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. 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.