Deutsche Bank Aktiengesellschaft Reaffirms "Hold" Rating for Man Group (LON:EMG)

Key Points

• Deutsche Bank reaffirmed its “Hold” rating on Man Group and maintained a GBX 330 price target, implying approximately 7.7% upside from the current price.
• Analyst sentiment remains cautious: Man Group has a consensus “Hold” rating and an average target price of GBX 304.75, despite Jefferies issuing a “Buy” rating with a GBX 345 target.
• Man Group shares opened at GBX 306.40, near their 12-month high of GBX 327.20; insiders recently sold 500,000 shares while another insider purchased 15,000 shares.

Man Group (LON:EMG - Get Free Report)'s stock had its "hold" rating restated by Deutsche Bank Aktiengesellschaft in a note issued to investors on Friday, London Stock Exchange reports. They currently have a GBX 330 price target on the investment management company's stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 7.70% from the company's current price.

A number of other research analysts have also weighed in on the stock. Citigroup raised their price objective on shares of Man Group from GBX 325 to GBX 335 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Jefferies Financial Group restated a "buy" rating and issued a GBX 345 target price on shares of Man Group in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 304.75.

Man Group Stock Performance

LON EMG opened at GBX 306.40 on Friday. The company has a market cap of £3.51 billion, a P/E ratio of 10.90, a PEG ratio of -1.15 and a beta of 0.63. The company has a fifty day simple moving average of GBX 304.13 and a 200 day simple moving average of GBX 281.04. The company has a current ratio of 2.40, a quick ratio of 1.58 and a debt-to-equity ratio of 19.06. Man Group has a 12-month low of GBX 154.25 and a 12-month high of GBX 327.20.

Insider Buying and Selling at Man Group

In related news, insider Antoine Forterre sold 500,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total value of £1,535,000. Also, insider Laurie Fitch acquired 15,000 shares of the company's stock in a transaction on Friday, June 26th. The shares were bought at an average price of GBX 285 per share, for a total transaction of £42,750. Corporate insiders own 7.47% of the company's stock.

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. 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.

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