Man Group (LON:EMG) Stock Gets Price Target Boost from Jefferies Financial Group

Man Group (LON:EMG) had its price objective increased by research analysts at Jefferies Financial Group from GBX 345 to GBX 385 in a research report issued to clients and investors on Tuesday, Digital Look reports. The brokerage currently has a “buy” rating on the investment management company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 17.74% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Citigroup boosted their price objective on shares of Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft raised shares of Man Group to a “hold” rating and lifted their target price for the company from GBX 345 to GBX 360 in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Man Group currently has a consensus rating of “Hold” and a consensus price target of GBX 322.25.

Man Group Stock Performance

Shares of EMG stock opened at GBX 327 on Tuesday. The stock has a fifty day moving average of GBX 315.12 and a 200 day moving average of GBX 291.05. Man Group has a 52 week low of GBX 183.30 and a 52 week high of GBX 348.80. The firm has a market capitalization of £3.62 billion, a price-to-earnings ratio of 11.64, a PEG ratio of -1.15 and a beta of 0.63. The company has a quick ratio of 1.58, a current ratio of 2.40 and a debt-to-equity ratio of 19.06.

Insider Activity at Man Group

In other news, insider Antoine Forterre sold 500,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 307, for a total value of £1,535,000. Company insiders own 7.71% 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.