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

Man Group Plc (LON:EMG) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 291.17 ($3.62).

Several brokerages recently weighed in on EMG. Canaccord Genuity Group upgraded Man Group to a “buy” rating and boosted their target price for the stock from GBX 194 ($2.41) to GBX 272 ($3.39) in a research note on Wednesday, December 11th. Canaccord Genuity Group upgraded Man Group to a “buy” rating and boosted their target price for the stock from GBX 194 ($2.41) to GBX 272 ($3.39) in a research note on Wednesday, December 11th.

Insiders Place Their Bets

In other news, insider Laurie Fitch purchased 7,390 shares of the stock in a transaction on Tuesday, December 31st. The stock was bought at an average price of GBX 213 ($2.65) per share, with a total value of £15,740.70 ($19,592.61). Also, insider Sarah Legg acquired 12,108 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of GBX 206 ($2.56) per share, with a total value of £24,942.48 ($31,046.15). 0.95% of the stock is currently owned by insiders.

Man Group Stock Down 0.5 %

Shares of EMG stock opened at GBX 208.22 ($2.59) on Thursday. Man Group has a 1-year low of GBX 196.87 ($2.45) and a 1-year high of GBX 279.23 ($3.48). The stock’s fifty day moving average price is GBX 209.56 and its 200 day moving average price is GBX 212.39. The company has a debt-to-equity ratio of 29.95, a current ratio of 3.23 and a quick ratio of 1.58. The company has a market cap of £2.39 billion, a price-to-earnings ratio of 1,041.10, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

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.