Man Group (LON:EMG) Price Target Raised to GBX 209

Man Group (LON:EMG) had its price target boosted by JPMorgan Chase & Co. from GBX 188 to GBX 209 in a report released on Friday, MarketBeat reports. The firm currently has a neutral rating on the investment management company’s stock.

Other equities research analysts have also issued research reports about the company. Citigroup lifted their price target on Man Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 240 target price on shares of Man Group in a research note on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Man Group from GBX 225 to GBX 250 and gave the stock a “buy” rating in a research note on Friday, October 17th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Man Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 238.83.

Man Group Price Performance

Shares of LON:EMG opened at GBX 208.40 on Friday. The company’s fifty day moving average price is GBX 189.98 and its 200-day moving average price is GBX 177.55. 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 firm has a market capitalization of £2.33 billion, a price-to-earnings ratio of 13.27, a PEG ratio of -1.15 and a beta of 0.71. Man Group has a one year low of GBX 150.40 and a one year high of GBX 221.52.

Insider Activity at Man Group

In other Man Group news, insider Antoine Forterre sold 53,260 shares of the company’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 purchased 20,000 shares of Man Group stock in a transaction that occurred on Tuesday, September 23rd. The stock was purchased at an average cost of GBX 178 per share, for a total transaction of £35,600. 7.82% of the stock is currently owned by 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.