JPMorgan Chase & Co. Raises Man Group (LON:EMG) Price Target to GBX 188

Key Points

• JPMorgan Chase & Co. has raised its price target for Man Group from GBX 175 to GBX 188, while maintaining a "neutral" rating on the stock.
• Several analysts, including Deutsche Bank and Citigroup, have also increased their price targets for Man Group, with Deutsche Bank setting a target of GBX 225 and Citigroup at GBX 190, both giving "buy" ratings.
• Man Group's current stock price reflects a potential downside of 1.90% from JPMorgan's target, and the overall consensus among analysts suggests a target price of GBX 229.40.

Man Group (LON:EMG - Get Free Report) had its price target lifted by JPMorgan Chase & Co. from GBX 175 to GBX 188 in a research note issued to investors on Monday, MarketBeat reports. The firm presently has a "neutral" rating on the investment management company's stock. JPMorgan Chase & Co.'s price target points to a potential downside of 1.90% from the stock's current price.

Several other analysts have also weighed in on EMG. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Man Group from GBX 215 to GBX 225 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Citigroup upped their target price on shares of Man Group from GBX 170 to GBX 190 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Man Group has an average rating of "Moderate Buy" and a consensus target price of GBX 229.40.

Man Group Trading Up 1.6%

Shares of EMG stock opened at GBX 191.64 on Monday. The stock has a 50-day moving average of GBX 168.22 and a 200-day moving average of GBX 171.11. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. Man Group has a 1-year low of GBX 150.40 and a 1-year high of GBX 221.52. The stock has a market cap of £2.15 billion, a price-to-earnings ratio of 1,220.65, a PEG ratio of -1.15 and a beta of 0.71.

Insider Buying and Selling at Man Group

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

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