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

Shares of Man Group Plc (LON:EMG) have received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 291.17 ($3.54).

A number of equities research analysts have weighed in on EMG shares. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and lifted their price target for the stock from GBX 194 ($2.36) to GBX 272 ($3.31) in a research note on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and lifted their target price for the company from GBX 194 ($2.36) to GBX 272 ($3.31) in a research report on Wednesday, December 11th.

Insider Buying and Selling at Man Group

In other Man Group news, insider Sarah Legg acquired 12,108 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of GBX 206 ($2.51) per share, for a total transaction of £24,942.48 ($30,347.34). Also, insider Laurie Fitch bought 7,390 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were acquired at an average price of GBX 213 ($2.59) per share, for a total transaction of £15,740.70 ($19,151.60). Company insiders own 0.95% of the company’s stock.

Man Group Price Performance

Shares of LON:EMG opened at GBX 208.60 ($2.54) on Friday. The firm has a market capitalization of £2.40 billion, a PE ratio of 1,043.00, a PEG 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. Man Group has a 1-year low of GBX 196.87 ($2.40) and a 1-year high of GBX 279.23 ($3.40). The business’s 50 day moving average is GBX 208.62 and its 200-day moving average is GBX 217.82.

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.