Man Group (LON:EMG) Sets New 52-Week Low - Time to Sell?

Shares of Man Group Plc (LON:EMG - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 196.60 ($2.58) and last traded at GBX 196.68 ($2.58), with a volume of 1354893 shares. The stock had previously closed at GBX 198.10 ($2.60).

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Canaccord Genuity Group upgraded Man Group to a "buy" rating and lifted their target price for the stock from GBX 194 ($2.54) to GBX 272 ($3.56) in a research report on Wednesday, December 11th. JPMorgan Chase & Co. cut their price target on Man Group from GBX 247 ($3.24) to GBX 242 ($3.17) and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Finally, Canaccord Genuity Group raised Man Group to a "buy" rating and increased their price objective for the company from GBX 194 ($2.54) to GBX 272 ($3.56) in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Man Group has a consensus rating of "Moderate Buy" and an average target price of GBX 281.67 ($3.69).

Man Group Price Performance

The company has a 50-day moving average of GBX 209 and a 200-day moving average of GBX 209.09. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. The stock has a market cap of £2.69 billion, a price-to-earnings ratio of 8.79, a PEG ratio of -1.15 and a beta of 0.71.

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Man Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 4.25%. This is a positive change from Man Group's previous dividend of $0.06. Man Group's payout ratio is presently 61.33%.

Insider Buying and Selling

In other news, insider Dixit Joshi purchased 46,051 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of GBX 217 ($2.84) per share, with a total value of £99,930.67 ($130,936.41). Also, insider Robyn Grew sold 299,898 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.75), for a total transaction of £629,785.80 ($825,191.04). Corporate insiders own 0.95% of the company's stock.

Man Group Company Profile

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.