Insider Selling: Man Group Plc (EMG) Insider Sells 639,489 Shares of Stock
Man Group Plc (LON:EMG) insider Jonathan Sorrell sold 639,489 shares of Man Group Plc stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of GBX 125 ($1.56), for a total value of £799,361.25 ($998,702.21).
Man Group Plc (LON:EMG) opened at 123.80 on Friday. The firm’s market capitalization is GBX 2.08 billion. Man Group Plc has a 1-year low of GBX 102.50 and a 1-year high of GBX 176.70. The company has a 50-day moving average price of GBX 120.75 and a 200 day moving average price of GBX 120.52.
EMG has been the topic of several analyst reports. Barclays PLC reiterated an “equal weight” rating and issued a GBX 130 ($1.62) target price on shares of Man Group Plc in a research note on Thursday, July 21st. Royal Bank Of Canada upgraded Man Group Plc to an “outperform” rating and set a GBX 140 ($1.75) price target on the stock in a research note on Friday, July 22nd. Liberum Capital restated a “buy” rating and issued a GBX 125 ($1.56) price target on shares of Man Group Plc in a research note on Tuesday, July 26th. Numis Securities Ltd restated a “hold” rating and issued a GBX 110 ($1.37) price target on shares of Man Group Plc in a research note on Tuesday, July 26th. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a GBX 148 ($1.85) price target on shares of Man Group Plc in a research note on Tuesday, July 26th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 140.33 ($1.75).
Man Group Plc Company Profile
Man Group plc is the holding company for the Man group of companies and affiliated entities (the Group). The Company operates in the alternative investment management sector. The Company has a geographically diverse investor base. It distributes to private investors through a network of over 4,000 intermediaries, and manages its institutional relationships directly.
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