Laurie Fitch Acquires 20,000 Shares of Man Group (LON:EMG) Stock

Key Points

• Insider Laurie Fitch acquired 20,000 shares of Man Group stock at an average cost of GBX 178 per share, totaling £35,600.
• Analysts have mixed views on Man Group, with Deutsche Bank raising their price target from GBX 205 to GBX 215 and maintaining a "buy" rating, while Citigroup lowered their target to GBX 170.
• Man Group's current stock price opened at GBX 179.80, with a market cap of £2.02 billion and an average analyst rating of "Moderate Buy."

Man Group Plc (LON:EMG - Get Free Report) insider Laurie Fitch bought 20,000 shares of Man Group stock in a transaction that occurred on Tuesday, September 23rd. The shares were bought at an average cost of GBX 178 per share, with a total value of £35,600.

Man Group Trading Up 0.4%

Shares of EMG stock opened at GBX 179.80 on Wednesday. Man Group Plc has a fifty-two week low of GBX 150.40 and a fifty-two week high of GBX 221.80. The stock's fifty day moving average price is GBX 166.31 and its two-hundred day moving average price is GBX 173.56. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. The company has a market cap of £2.02 billion, a PE ratio of 1,145.22, a P/E/G ratio of -1.15 and a beta of 0.71.

Analyst Ratings Changes

Several brokerages recently issued reports on EMG. Deutsche Bank Aktiengesellschaft upped their price target on Man Group from GBX 205 to GBX 215 and gave the stock a "buy" rating in a report on Monday, September 1st. JPMorgan Chase & Co. boosted their target price on Man Group from GBX 170 to GBX 175 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Finally, Citigroup lowered their price objective on shares of Man Group from GBX 185 to GBX 170 and set a "neutral" rating for the company in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Man Group has an average rating of "Moderate Buy" and a consensus price target of GBX 220.80.

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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