Shares of Man Group Plc (LON:EMG - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 281.67 ($3.64).
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price target on Man Group from GBX 247 ($3.19) to GBX 242 ($3.13) and set an "overweight" rating for the company in a report on Thursday, March 20th. Canaccord Genuity Group raised shares of Man Group to a "buy" rating and boosted their target price for the stock from GBX 194 ($2.51) to GBX 272 ($3.52) in a research report on Wednesday, December 11th. Finally, Canaccord Genuity Group raised shares of Man Group to a "buy" rating and raised their price target for the company from GBX 194 ($2.51) to GBX 272 ($3.52) in a report on Wednesday, December 11th.
Check Out Our Latest Stock Report on EMG
Insider Buying and Selling
In other news, insider Dixit Joshi purchased 46,051 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of GBX 217 ($2.81) per share, for a total transaction of £99,930.67 ($129,192.85). Also, insider Robyn Grew sold 299,898 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.71), for a total value of £629,785.80 ($814,202.71). Insiders own 0.95% of the company's stock.
Man Group Stock Down 1.7 %
Shares of LON EMG traded down GBX 3.30 ($0.04) on Friday, hitting GBX 194.80 ($2.52). The company had a trading volume of 6,992,536 shares, compared to its average volume of 9,438,736. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76. Man Group has a 12-month low of GBX 194.30 ($2.51) and a 12-month high of GBX 279.23 ($3.61). The firm has a market capitalization of £2.81 billion, a P/E ratio of 9.19, a PEG ratio of -1.15 and a beta of 0.71. The business has a 50 day moving average of GBX 209.28 and a two-hundred day moving average of GBX 209.19.
Man Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.12 per share. This is a boost from Man Group's previous dividend of $0.06. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, April 10th. Man Group's dividend payout ratio is 61.33%.
About Man Group
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Get Free ReportWith 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.
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