Man Group’s (EMG) “Buy” Rating Reaffirmed at Shore Capital

Man Group (LON:EMGGet Rating)‘s stock had its “buy” rating restated by Shore Capital in a research note issued on Thursday, Marketbeat.com reports.

Several other analysts have also recently commented on EMG. Citigroup reaffirmed a “buy” rating on shares of Man Group in a research report on Monday, April 11th. JPMorgan Chase & Co. raised their target price on Man Group from GBX 280 ($3.64) to GBX 295 ($3.84) and gave the stock an “overweight” rating in a research report on Friday, April 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 301 ($3.92) target price on shares of Man Group in a research report on Thursday, April 14th. Finally, Barclays raised their target price on Man Group from GBX 235 ($3.06) to GBX 240 ($3.12) and gave the stock an “equal weight” rating in a research report on Thursday, March 3rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 261.50 ($3.40).

EMG opened at GBX 239.88 ($3.12) on Thursday. The firm has a market cap of £3.25 billion and a PE ratio of 14.38. The company has a quick ratio of 1.69, a current ratio of 1.87 and a debt-to-equity ratio of 16.04. The business has a fifty day simple moving average of GBX 214.79 and a 200-day simple moving average of GBX 216.80. Man Group has a fifty-two week low of GBX 157.50 ($2.05) and a fifty-two week high of GBX 245.90 ($3.20).

In other news, insider Anne Wade acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The stock was acquired at an average cost of GBX 183 ($2.38) per share, for a total transaction of £27,450 ($35,714.29).

About Man Group (Get Rating)

Man Group plc 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.

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