Man Group (LON:EMG) Price Target Lowered to GBX 285 at Citigroup

Man Group (LON:EMG) had its price target reduced by Citigroup from GBX 290 to GBX 285 in a report released on Monday morning,Digital Look reports. They currently have a neutral rating on the investment management company’s stock.

Separately, Jefferies Financial Group lifted their price target on shares of Man Group from GBX 240 to GBX 280 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 256.

Man Group Stock Down 2.8%

EMG stock opened at GBX 260.11 on Monday. Man Group has a 12 month low of GBX 153.20 and a 12 month high of GBX 281. The firm has a market cap of £2.91 billion, a PE ratio of 17.34, a P/E/G ratio of -1.15 and a beta of 0.66. The firm has a 50 day simple moving average of GBX 259.21 and a 200 day simple moving average of GBX 235.87. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58.

Insiders Place Their Bets

In other Man Group news, insider Robyn Grew sold 210,263 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total transaction of £538,273.28. Also, insider Laurie Fitch bought 5,000 shares of the stock in a transaction on Friday, March 20th. The shares were acquired at an average cost of GBX 242 per share, for a total transaction of £12,100. Company insiders own 7.83% of the company’s stock.

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. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.