Man Group (LON:EMG) Stock Lifted to "Hold" by Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank upgraded Man Group to “Hold” and raised its price target to GBX 360 from GBX 345, implying 13.78% potential upside.
• Analyst sentiment remains mixed but centered on “Hold”: MarketBeat reports a consensus rating of “Hold” and an average target price of GBX 312.25, compared with one “Buy” rating and three “Hold” ratings.
• Man Group shares opened at GBX 316.40, with a £3.51 billion market capitalization; insider Antoine Forterre recently sold 500,000 shares for approximately £1.535 million.

Man Group (LON:EMG - Get Free Report) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft to a "hold" rating in a research note issued to investors on Friday, London Stock Exchange reports. The firm presently has a GBX 360 price target on the investment management company's stock, up from their prior price target of GBX 345. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 13.78% from the company's current price.

Several other equities research analysts have also commented on EMG. Jefferies Financial Group reiterated a "buy" rating and set a GBX 345 price objective on shares of Man Group in a research note on Wednesday, July 29th. Citigroup raised their target price on Man Group from GBX 325 to GBX 335 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Man Group presently has a consensus rating of "Hold" and an average target price of GBX 312.25.

Man Group Price Performance

EMG stock opened at GBX 316.40 on Friday. Man Group has a 52 week low of GBX 181.50 and a 52 week high of GBX 348.80. The company has a quick ratio of 1.58, a current ratio of 2.40 and a debt-to-equity ratio of 19.06. The firm has a 50-day simple moving average of GBX 313.47 and a 200-day simple moving average of GBX 288.95. The stock has a market capitalization of £3.51 billion, a P/E ratio of 11.26, a P/E/G ratio of -1.15 and a beta of 0.63.

Insiders Place Their Bets

In other news, insider Antoine Forterre sold 500,000 shares of the 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. 7.71% 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. 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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