Man Group Plc (LON:EMG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Man Group Plc (LON:EMG) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 281.67 ($3.65).

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Man Group from GBX 247 ($3.20) to GBX 242 ($3.13) and set an “overweight” rating for the company in a research report on Thursday, March 20th. Canaccord Genuity Group raised Man Group to a “buy” rating and upped their target price for the company from GBX 194 ($2.51) to GBX 272 ($3.52) in a research report on Wednesday, December 11th. Finally, Canaccord Genuity Group raised Man Group to a “buy” rating and lifted their price target for the stock from GBX 194 ($2.51) to GBX 272 ($3.52) in a research report on Wednesday, December 11th.

Man Group Stock Performance

Shares of Man Group stock opened at GBX 208.20 ($2.70) on Friday. Man Group has a one year low of GBX 196.87 ($2.55) and a one year high of GBX 279.23 ($3.62). The company has a market capitalization of £3.01 billion, a PE ratio of 9.82, a P/E/G ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. The company has a 50-day simple moving average of GBX 209.86 and a two-hundred day simple moving average of GBX 209.42.

Man Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be paid a $0.12 dividend. This represents a dividend yield of 4.25%. This is an increase from Man Group’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 10th. Man Group’s payout ratio is 61.33%.

Insider Activity at Man Group

In related news, insider Dixit Joshi acquired 46,051 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of GBX 217 ($2.81) per share, for a total transaction of £99,930.67 ($129,376.84). Also, insider Robyn Grew sold 299,898 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of GBX 210 ($2.72), for a total transaction of £629,785.80 ($815,362.25). 0.95% of the stock is owned by insiders.

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.