Canaccord Genuity Group Upgrades Man Group (LON:EMG) to Buy

Canaccord Genuity Group upgraded shares of Man Group (LON:EMG) to a buy rating in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has GBX 272 ($3.43) target price on the investment management company’s stock, up from their previous target price of GBX 194 ($2.45).

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 280 ($3.53) price target on shares of Man Group in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Man Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 295 ($3.72).

Man Group Stock Performance

Shares of Man Group stock opened at GBX 210.80 ($2.66) on Wednesday. The company has a quick ratio of 1.58, a current ratio of 3.23 and a debt-to-equity ratio of 29.95. The stock’s fifty day moving average is GBX 207.29 and its two-hundred day moving average is GBX 225.80. Man Group has a 52 week low of GBX 196.87 ($2.48) and a 52 week high of GBX 279.23 ($3.52). The company has a market capitalization of £2.42 billion, a PE ratio of 1,050.00, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

About Man Group

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.