Jefferies Financial Group Reaffirms Buy Rating for Man Group (LON:EMG)

Man Group (LON:EMG)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday,Digital Look reports. They currently have a GBX 280 price target on the investment management company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 13.45% from the company’s current price.

Separately, Citigroup reduced their price target on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 256.

Man Group Stock Up 0.5%

Shares of LON EMG opened at GBX 246.80 on Friday. The firm’s 50-day simple moving average is GBX 258.54 and its 200 day simple moving average is GBX 237.37. The company has a market cap of £2.76 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of -1.15 and a beta of 0.66. The company has a quick ratio of 1.58, a current ratio of 0.95 and a debt-to-equity ratio of 18.04. Man Group has a 12-month low of GBX 154.25 and a 12-month high of GBX 281.

Insider Activity at Man Group

In related news, insider Anne Wade purchased 6,000 shares of Man Group stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of GBX 243 per share, for a total transaction of £14,580. Also, insider Laurie Fitch purchased 5,000 shares of Man Group stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of GBX 242 per share, for a total transaction of £12,100. Corporate 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.