Man Group (LON:EMG) Earns Buy Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group has restated a "buy" rating on Man Group's stock with a price target of GBX 240, indicating a potential upside of 17.88% from the last close.
• Several other analysts, including Citigroup and Deutsche Bank, have also issued buy ratings, with price targets ranging from GBX 190 to GBX 250.
• Man Group's stock is currently down 0.1%, trading at GBX 203.60, with a 52-week range between GBX 150.40 and GBX 221.52.

Man Group (LON:EMG - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They presently have a GBX 240 price target on the investment management company's stock. Jefferies Financial Group's price objective would indicate a potential upside of 17.88% from the company's previous close.

Other equities research analysts have also issued reports about the stock. Citigroup boosted their price objective on shares of Man Group from GBX 170 to GBX 190 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Man Group from GBX 225 to GBX 250 and gave the company a "buy" rating in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Man Group from GBX 175 to GBX 188 and gave the company a "neutral" rating in a research report on Monday, October 13th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 235.33.

Man Group Stock Down 0.1%

Man Group stock traded down GBX 0.20 during trading on Wednesday, reaching GBX 203.60. The stock had a trading volume of 2,023,363 shares, compared to its average volume of 5,897,157. Man Group has a 52-week low of GBX 150.40 and a 52-week high of GBX 221.52. The business has a 50 day moving average price of GBX 172.99 and a 200 day moving average price of GBX 171.40. 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 stock has a market cap of £2.28 billion, a PE ratio of 12.97, a P/E/G ratio of -1.15 and a beta of 0.71.

Insider Buying and Selling

In related news, insider Antoine Forterre sold 53,260 shares of the 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 stock in a transaction that occurred on Tuesday, September 23rd. The stock was bought at an average cost of GBX 178 per share, for a total transaction of £35,600. Corporate insiders own 7.76% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.