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

Shares of Man Group Plc (LON:EMG) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 281.67 ($3.64).

Several brokerages have weighed in on EMG. Canaccord Genuity Group upgraded Man Group to a “buy” rating and upped their price target for the stock from GBX 194 ($2.51) to GBX 272 ($3.52) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and upped their target price for the stock from GBX 194 ($2.51) to GBX 272 ($3.52) in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Man Group from GBX 247 ($3.19) to GBX 242 ($3.13) and set an “overweight” rating on the stock in a report on Thursday, March 20th.

Man Group Stock Down 1.7 %

Shares of LON EMG opened at GBX 194.80 ($2.52) on Friday. The stock has a market cap of £2.81 billion, a P/E ratio of 9.19, a PEG ratio of -1.15 and a beta of 0.71. The business’s fifty day simple moving average is GBX 209.28 and its 200-day simple moving average is GBX 209.19. Man Group has a 12-month low of GBX 194.30 ($2.51) and a 12-month 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.

Man Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.12 per share. This is a boost from Man Group’s previous dividend of $0.06. This represents a dividend yield of 4.25%. The ex-dividend date is Thursday, April 10th. Man Group’s dividend payout ratio is currently 61.33%.

Insider Transactions at Man Group

In related news, insider Dixit Joshi purchased 46,051 shares of Man Group stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of GBX 217 ($2.81) per share, with a total value of £99,930.67 ($129,192.85). Also, insider Robyn Grew sold 299,898 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.71), for a total transaction of £629,785.80 ($814,202.71). Corporate insiders own 0.95% 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.