Man Group (LON:EMG) Sets New 12-Month High – What’s Next?

Man Group Plc (LON:EMG)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 306.60 and last traded at GBX 306.40, with a volume of 4853667 shares trading hands. The stock had previously closed at GBX 298.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EMG shares. Citigroup cut their target price on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research note on Monday, April 20th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 280 price target on shares of Man Group in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Man Group to a “hold” rating and raised their price objective for the stock from GBX 295 to GBX 310 in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 271.

Man Group Stock Up 3.0%

The company has a current ratio of 0.95, a quick ratio of 1.58 and a debt-to-equity ratio of 18.04. The firm’s 50 day simple moving average is GBX 280.66 and its two-hundred day simple moving average is GBX 263.57. The firm has a market cap of £3.43 billion, a price-to-earnings ratio of 20.45, a PEG ratio of -1.15 and a beta of 0.64.

Insider Buying and Selling

In related news, insider Colin Bell acquired 18,050 shares of the company’s 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. Also, insider Laurie Fitch bought 15,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were bought at an average price of GBX 285 per share, with a total value of £42,750. Corporate insiders own 7.70% 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. 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.