Man Group (LON:EMG) Earns “Buy” Rating from Jefferies Financial Group

Man Group (LON:EMG)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They presently have a GBX 345 target price on the investment management company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 10.22% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Man Group to a “hold” rating and upped their price objective for the stock from GBX 295 to GBX 310 in a research report on Thursday, June 25th. Citigroup boosted their price target on shares of Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Man Group currently has an average rating of “Hold” and a consensus target price of GBX 304.75.

Man Group Stock Up 2.2%

EMG opened at GBX 313 on Wednesday. Man Group has a 52 week low of GBX 154.25 and a 52 week high of GBX 327.20. The business has a 50 day moving average price of GBX 293.07 and a two-hundred day moving average price of GBX 272.07. The company has a quick ratio of 1.58, a current ratio of 0.95 and a debt-to-equity ratio of 18.04. The company has a market cap of £3.49 billion, a PE ratio of 20.87, a P/E/G ratio of -1.15 and a beta of 0.64.

Insider Activity

In related news, insider Laurie Fitch bought 15,000 shares of the company’s stock in a transaction on Friday, June 26th. The stock was bought at an average cost of GBX 285 per share, with a total value of £42,750. Also, insider Colin Bell purchased 18,050 shares of Man Group stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of GBX 276 per share, with a total value of £49,818. Corporate insiders own 7.72% 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. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.