Deutsche Bank Aktiengesellschaft Boosts Man Group (LON:EMG) Price Target to GBX 225

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for Man Group from GBX 215 to GBX 225, indicating a potential upside of 19.87% from the previous close.
• Analysts at JPMorgan Chase & Co. and Citigroup have also increased their target prices, with Citigroup giving a target of GBX 190 and a "buy" rating.
• Currently, Man Group has a consensus rating of "Moderate Buy" and an average target price of GBX 226.80 based on reports from multiple analysts.

Man Group (LON:EMG - Get Free Report) had its target price hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 215 to GBX 225 in a report released on Thursday,Digital Look reports. The firm currently has a "buy" rating on the investment management company's stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 19.87% from the company's previous close.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. upped their target price on Man Group from GBX 170 to GBX 175 and gave the company a "neutral" rating in a report on Monday, August 4th. Citigroup increased their price objective on Man Group from GBX 170 to GBX 190 and gave the company a "buy" rating in a report on Thursday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 226.80.

Man Group Stock Performance

EMG stock opened at GBX 187.70 on Thursday. The firm has a market cap of £2.11 billion, a PE ratio of 1,195.54, a P/E/G ratio of -1.15 and a beta of 0.71. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76. The business has a 50 day moving average of GBX 165.99 and a 200-day moving average of GBX 172.42. Man Group has a 12-month low of GBX 150.40 and a 12-month high of GBX 221.80.

Insider Buying and Selling at Man Group

In related news, insider Laurie Fitch purchased 20,000 shares of the business's stock in a transaction dated Tuesday, September 23rd. The stock was purchased at an average cost of GBX 178 per share, with a total value of £35,600. Also, insider Antoine Forterre sold 53,260 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of GBX 155, for a total value of £82,553. 7.76% of the stock is currently owned by corporate insiders.

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.

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