Man Group (LON:EMG) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Man Group (LON:EMG) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a research report issued on Monday,London Stock Exchange reports. The firm currently has a GBX 295 price target on the investment management company’s stock, up from their prior price target of GBX 280. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 5.73% from the company’s current price.

A number of other research firms have also recently weighed in on EMG. Jefferies Financial Group reissued a “buy” rating and issued a GBX 280 target price on shares of Man Group in a research note on Friday, April 24th. Citigroup lowered their target price on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 267.25.

Man Group Trading Up 1.5%

Shares of EMG stock opened at GBX 279 on Monday. Man Group has a 52-week low of GBX 154.25 and a 52-week high of GBX 287.40. The stock has a market cap of £3.12 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of -1.15 and a beta of 0.63. The company has a debt-to-equity ratio of 18.04, a quick ratio of 1.58 and a current ratio of 0.95. The firm has a fifty day moving average of GBX 262.04 and a 200-day moving average of GBX 248.69.

Insiders Place Their Bets

In related news, insider Antoine Forterre sold 36,650 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 256, for a total value of £93,824. Also, insider Robyn Grew sold 210,263 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 256, for a total transaction of £538,273.28. Insiders have purchased a total of 29,050 shares of company stock valued at $7,649,800 over the last 90 days. Company insiders own 7.83% of the company’s stock.

Man Group Company Profile

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.