Jefferies Financial Group Reiterates "Buy" Rating for Man Group (LON:EMG)

Key Points

• Jefferies reiterated a Buy on Man Group with a price target of GBX 280 (about 13.45% upside), while Citigroup cut its target to GBX 285 and rated the stock Neutral, leaving a consensus "Moderate Buy" and an average target of GBX 256.
• Shares traded at GBX 246.80 midday with a market cap of £2.76bn and a P/E of 16.45, positioned between a 12‑month low of GBX 154.25 and high of GBX 281.
• Insider activity included Antoine Forterre selling 36,650 shares at GBX 256 and Laurie Fitch buying 5,000 shares at GBX 242, with insiders owning 7.83% of the company.

Man Group (LON:EMG - Get Free Report)'s stock had its "buy" rating restated by Jefferies Financial Group in a note issued to investors on Friday,Digital Look reports. They presently have a GBX 280 price objective on the investment management company's stock. Jefferies Financial Group's price target would indicate a potential upside of 13.45% from the stock's current price.

Separately, Citigroup lowered their price target on shares of Man Group from GBX 290 to GBX 285 and set a "neutral" rating on the stock in a report on Monday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 256.

Man Group Stock Performance

Shares of LON EMG traded up GBX 1.20 during midday trading on Friday, reaching GBX 246.80. The company's stock had a trading volume of 3,184,014 shares, compared to its average volume of 14,794,573. The stock has a market capitalization of £2.76 billion, a P/E ratio of 16.45, a PEG ratio of -1.15 and a beta of 0.66. The company has a debt-to-equity ratio of 18.04, a current ratio of 0.95 and a quick ratio of 1.58. The firm has a 50 day moving average price of GBX 258.93 and a 200-day moving average price of GBX 236.67. Man Group has a 12-month low of GBX 154.25 and a 12-month high of GBX 281.

Insider Buying and Selling

In other Man Group news, insider Antoine Forterre sold 36,650 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total transaction of £93,824. Also, insider Laurie Fitch purchased 5,000 shares of the business's stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of GBX 242 per share, with a total value of £12,100. Corporate insiders own 7.83% 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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