Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Man Group (LON:EMG) Stock

Man Group (LON:EMG) had its target price increased by analysts at Deutsche Bank Aktiengesellschaft from GBX 215 to GBX 225 in a report released on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the investment management company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 17.68% from the stock’s current price.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their price objective on Man Group from GBX 170 to GBX 175 and gave the company a “neutral” rating in a research note on Monday, August 4th. Citigroup boosted their price objective on Man Group from GBX 170 to GBX 190 and gave the company a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 226.80.

Man Group Stock Up 4.7%

Shares of LON:EMG opened at GBX 191.20 on Thursday. The company has a market capitalization of £2.15 billion, a price-to-earnings ratio of 1,217.83, a P/E/G ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. The business’s 50-day moving average is GBX 166.23 and its 200-day moving average is GBX 172.28. Man Group has a 1 year low of GBX 150.40 and a 1 year high of GBX 221.80.

Insider Buying and Selling

In other Man Group news, insider Antoine Forterre sold 53,260 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of GBX 155, for a total transaction of £82,553. Also, insider Laurie Fitch acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were bought at an average cost of GBX 178 per share, with a total value of £35,600. 7.76% of the stock is currently owned by corporate insiders.

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.