Man Group (LON:EMG) Reaches New 12-Month High – Should You Buy?

Man Group Plc (LON:EMG)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 310.60 and last traded at GBX 307.80, with a volume of 6221730 shares traded. The stock had previously closed at GBX 305.20.

Analyst Ratings Changes

EMG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Man Group to a “hold” rating and increased their price objective for the company from GBX 295 to GBX 310 in a research note on Thursday, June 25th. Jefferies Financial Group restated a “buy” rating and issued a GBX 280 target price on shares of Man Group in a research note on Friday, April 24th. Finally, Citigroup reduced their price target on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 271.

Man Group Stock Down 2.3%

The stock’s fifty day simple moving average is GBX 290.27 and its two-hundred day simple moving average is GBX 268.75. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58. The company has a market capitalization of £3.35 billion, a price-to-earnings ratio of 20.07, a PEG ratio of -1.15 and a beta of 0.64.

Insider Transactions at Man Group

In related news, insider Colin Bell purchased 18,050 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of GBX 276 per share, for a total transaction of £49,818. Also, insider Laurie Fitch acquired 15,000 shares of Man Group stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average price of GBX 285 per share, with a total value of £42,750. Company 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.