Man Group (LON:EMG) Reaches New 12-Month High – Here’s Why

Man Group Plc (LON:EMG) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 286.20 and last traded at GBX 286, with a volume of 1232844 shares traded. The stock had previously closed at GBX 281.60.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EMG. Citigroup lowered their target price on Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a report on Monday, April 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 280 target price on shares of Man Group in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 256.

Man Group Stock Performance

The business has a fifty day simple moving average of GBX 257.58 and a two-hundred day simple moving average of GBX 244.72. The company has a market cap of £3.19 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58.

Insider Buying and Selling at Man Group

In other Man Group news, insider Anne Wade purchased 6,000 shares of Man Group stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of GBX 243 per share, with a total value of £14,580. Also, insider Colin Bell purchased 18,050 shares of Man Group 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. In the last 90 days, insiders acquired 29,050 shares of company stock valued at $7,649,800. Corporate insiders own 7.83% 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.