Man Group (LON:EMG) Price Target Raised to GBX 209

Man Group (LON:EMG) had its target price increased by research analysts at JPMorgan Chase & Co. from GBX 188 to GBX 209 in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 0.67% from the stock’s current price.

EMG has been the subject of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 240 target price on shares of Man Group in a research report on Wednesday, October 22nd. Citigroup raised their target price on Man Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Man Group from GBX 225 to GBX 250 and gave the stock a “buy” rating in a report on Friday, October 17th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 238.83.

Man Group Stock Performance

Shares of Man Group stock traded down GBX 2.60 during trading hours on Friday, reaching GBX 207.60. 3,608,381 shares of the stock traded hands, compared to its average volume of 5,667,541. The firm has a market capitalization of £2.32 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of -1.15 and a beta of 0.71. Man Group has a one year low of GBX 150.40 and a one year high of GBX 221.52. The company has a 50 day moving average price of GBX 189.01 and a 200 day moving average price of GBX 177.05. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76.

Insiders Place Their Bets

In other news, insider Antoine Forterre sold 53,260 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of GBX 155, for a total transaction of £82,553. Also, insider Laurie Fitch purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was purchased at an average price of GBX 178 per share, for a total transaction of £35,600. Corporate insiders own 7.82% of the company’s stock.

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.