Man Group (LON:EMG) Price Target Raised to GBX 385

Key Points

• Jefferies raised Man Group’s price target to GBX 385 from GBX 345 and maintained a “buy” rating, implying 15.82% upside from the prior close.
• Other analysts also adjusted their views, but the overall consensus remains “Hold”, with an average price target of GBX 322.25.
• Man Group shares opened at GBX 332.40 after rising 3.4%; the company has a £3.69 billion market capitalization and trades near its 12-month high of GBX 348.80.

Man Group (LON:EMG - Get Free Report) had its price target upped by Jefferies Financial Group from GBX 345 to GBX 385 in a research report issued on Tuesday, Digital Look reports. The brokerage presently has a "buy" rating on the investment management company's stock. Jefferies Financial Group's price target would indicate a potential upside of 15.82% from the stock's previous close.

Several other brokerages have also weighed in on EMG. Citigroup raised their price objective on shares of Man Group from GBX 325 to GBX 335 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Man Group to a "hold" rating and increased their price objective for the stock from GBX 345 to GBX 360 in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of GBX 322.25.

Man Group Stock Up 3.4%

Shares of LON:EMG opened at GBX 332.40 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.58 and a debt-to-equity ratio of 19.06. The company has a fifty day simple moving average of GBX 314.35 and a 200 day simple moving average of GBX 289.95. The firm has a market cap of £3.69 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63. Man Group has a 12-month low of GBX 183.30 and a 12-month high of GBX 348.80.

Insider Buying and Selling

In other Man Group news, insider Antoine Forterre sold 500,000 shares of the firm's stock in a transaction that occurred on 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.

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