Man Group Plc (LON:EMG) Receives GBX 291.17 Consensus Target Price from Analysts

Shares of Man Group Plc (LON:EMG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 291.17 ($3.55).

A number of research firms recently weighed in on EMG. Canaccord Genuity Group upgraded Man Group to a "buy" rating and lifted their price target for the company from GBX 194 ($2.37) to GBX 272 ($3.32) in a research note on Wednesday, December 11th. Canaccord Genuity Group raised Man Group to a "buy" rating and raised their target price for the company from GBX 194 ($2.37) to GBX 272 ($3.32) in a report on Wednesday, December 11th.

Insider Buying and Selling

In other news, insider Laurie Fitch acquired 7,390 shares of the business's stock in a transaction dated Tuesday, December 31st. The shares were bought at an average cost of GBX 213 ($2.60) per share, for a total transaction of £15,740.70 ($19,217.07). Also, insider Sarah Legg bought 12,108 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of GBX 206 ($2.51) per share, with a total value of £24,942.48 ($30,451.08). Corporate insiders own 0.95% of the company's stock.

Man Group Stock Performance

Shares of LON:EMG traded down GBX 1.38 ($0.02) during trading on Friday, reaching GBX 205.22 ($2.51). The company had a trading volume of 189,841,797 shares, compared to its average volume of 29,726,932. Man Group has a fifty-two week low of GBX 196.87 ($2.40) and a fifty-two week high of GBX 279.23 ($3.41). The company has a debt-to-equity ratio of 29.95, a current ratio of 3.23 and a quick ratio of 1.58. The stock's fifty day moving average price is GBX 208.13 and its 200 day moving average price is GBX 218.95. The firm has a market capitalization of £2.36 billion, a price-to-earnings ratio of 1,026.10, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

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.