Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Man Group (LON:EMG)

Man Group (LON:EMG)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 205 ($2.72) price objective on the investment management company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 24.61% from the stock’s current price.

Several other brokerages have also issued reports on EMG. JPMorgan Chase & Co. boosted their target price on Man Group from GBX 167 ($2.22) to GBX 170 ($2.26) and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Citigroup lowered Man Group to a “neutral” rating and decreased their price target for the stock from GBX 265 ($3.52) to GBX 185 ($2.46) in a research note on Wednesday, July 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 220.80 ($2.93).

Man Group Price Performance

EMG stock opened at GBX 164.52 ($2.18) on Thursday. The stock has a market cap of £2.38 billion, a PE ratio of 7.76, a P/E/G ratio of -1.15 and a beta of 0.71. Man Group has a 12 month low of GBX 150.40 ($2.00) and a 12 month high of GBX 235.68 ($3.13). The company has a 50-day moving average price of GBX 174.96 and a 200 day moving average price of GBX 185.96. 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 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.