Man Group Plc (LON:EMG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Man Group Plc (LON:EMG) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 291.17 ($3.56).

EMG has been the subject of several research reports. Canaccord Genuity Group raised shares of Man Group to a “buy” rating and upped their price objective for the company from GBX 194 ($2.37) to GBX 272 ($3.33) in a research note on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and boosted their target price for the company from GBX 194 ($2.37) to GBX 272 ($3.33) in a report on Wednesday, December 11th.

Man Group Stock Up 1.0 %

Shares of LON EMG opened at GBX 209 ($2.56) on Friday. Man Group has a 12-month low of GBX 196.87 ($2.41) and a 12-month high of GBX 279.23 ($3.42). The stock has a market cap of £2.40 billion, a PE ratio of 1,045.00, a P/E/G ratio of -1.15 and a beta of 0.71. The company has a current ratio of 3.23, a quick ratio of 1.58 and a debt-to-equity ratio of 29.95. The company has a 50-day moving average of GBX 208.32 and a 200 day moving average of GBX 218.30.

Insider Transactions at Man Group

In other Man Group news, insider Sarah Legg bought 12,108 shares of Man Group stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of GBX 206 ($2.52) per share, for a total transaction of £24,942.48 ($30,518.15). Also, insider Laurie Fitch bought 7,390 shares of Man Group stock in a transaction on Tuesday, December 31st. The shares were acquired at an average price of GBX 213 ($2.61) per share, for a total transaction of £15,740.70 ($19,259.39). Company insiders own 0.95% 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.