Man Group (LON:EMG) Earns “Add” Rating from Numis Securities

Man Group (LON:EMG)‘s stock had its “add” rating reaffirmed by Numis Securities in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 300 ($3.73) price objective on the investment management company’s stock. Numis Securities’ price target points to a potential upside of 17.98% from the company’s current price.

Separately, JPMorgan Chase & Co. dropped their price target on shares of Man Group from GBX 323 ($4.02) to GBX 318 ($3.96) and set an “overweight” rating for the company in a research note on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 292.67 ($3.64).

Man Group Price Performance

LON EMG opened at GBX 254.27 ($3.17) on Friday. The company has a current ratio of 2.04, a quick ratio of 1.58 and a debt-to-equity ratio of 29.03. Man Group has a 12 month low of GBX 200.50 ($2.50) and a 12 month high of GBX 279.23 ($3.48). The stock has a market cap of £2.97 billion, a price-to-earnings ratio of 1,697.33, a PEG ratio of -1.15 and a beta of 0.74. The company’s 50 day moving average is GBX 253.59 and its two-hundred day moving average is GBX 234.14.

Insider Activity at Man Group

In other news, insider Antoine Forterre sold 75,484 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of GBX 249 ($3.10), for a total transaction of £187,955.16 ($233,978.79). 2.07% of the stock is currently owned by company insiders.

About Man Group

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.