Man Group (LON:EMG) Sets New 1-Year High – Time to Buy?

Man Group Plc (LON:EMG) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 295.40 and last traded at GBX 293.80, with a volume of 266927 shares traded. The stock had previously closed at GBX 289.60.

Analysts Set New Price Targets

A number of research firms recently commented on EMG. Citigroup dropped their price target on Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Man Group to a “buy” rating and increased their price objective for the stock from GBX 280 to GBX 295 in a research note on Monday, June 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 280 price target on shares of Man Group in a report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 267.25.

Man Group Trading Up 1.5%

The business’s 50 day simple moving average is GBX 269.85 and its two-hundred day simple moving average is GBX 254.52. The stock has a market cap of £3.28 billion, a P/E ratio of 19.59, a PEG ratio of -1.15 and a beta of 0.64. The company has a quick ratio of 1.58, a current ratio of 0.95 and a debt-to-equity ratio of 18.04.

Insider Activity at Man Group

In other news, insider Laurie Fitch acquired 5,000 shares of Man Group stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of GBX 242 per share, for a total transaction of £12,100. Also, insider Colin Bell bought 18,050 shares of the stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of GBX 276 per share, with a total value of £49,818. Insiders have bought a total of 29,050 shares of company stock valued at $7,649,800 in the last 90 days. 7.70% of the stock is owned by corporate insiders.

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.