Man Group Plc (LON:EMG) Given Average Rating of “Moderate Buy” by Analysts

Man Group Plc (LON:EMG) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 291.17 ($3.76).

EMG has been the subject of a number of recent analyst reports. 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 report on Wednesday, December 11th. Canaccord Genuity Group raised shares of Man Group to a “buy” rating and lifted their price objective for the stock from GBX 194 ($2.51) to GBX 272 ($3.52) in a report on Wednesday, December 11th.

Insiders Place Their Bets

In other news, insider Dixit Joshi purchased 46,051 shares of Man Group stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of GBX 217 ($2.80) per share, with a total value of £99,930.67 ($129,159.45). Also, insider Laurie Fitch purchased 7,390 shares of Man Group stock in a transaction dated Tuesday, December 31st. The shares were purchased at an average cost of GBX 213 ($2.75) per share, with a total value of £15,740.70 ($20,344.71). Insiders acquired a total of 65,549 shares of company stock valued at $14,061,385 over the last 90 days. 0.95% of the stock is owned by company insiders.

Man Group Price Performance

Shares of LON EMG opened at GBX 209.60 ($2.71) on Monday. Man Group has a 52 week low of GBX 196.87 ($2.54) and a 52 week high of GBX 279.23 ($3.61). 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 stock has a market cap of £3.03 billion, a price-to-earnings ratio of 9.89, a PEG ratio of -1.15 and a beta of 0.71. The company’s 50-day moving average price is GBX 209.85 and its 200 day moving average price is GBX 210.59.

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.