Man Group (LON:EMG) Given New GBX 250 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank raised its price target for Man Group from GBX 225 to GBX 250, suggesting a potential upside of 24.01% from the previous close.
• Several brokerages have also increased their price targets for Man Group, with an average target price of GBX 234.40 and an overall "Moderate Buy" rating.
• Recent insider transactions include the sale of 53,260 shares by Antoine Forterre and the purchase of 20,000 shares by Laurie Fitch, indicating varying sentiments among insiders.

Man Group (LON:EMG - Get Free Report) had its price target boosted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 225 to GBX 250 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the investment management company's stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 24.01% from the stock's previous close.

Several other brokerages have also commented on EMG. JPMorgan Chase & Co. upped their price objective on shares of Man Group from GBX 175 to GBX 188 and gave the stock a "neutral" rating in a report on Monday, October 13th. Citigroup increased their target price on Man Group from GBX 170 to GBX 190 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 234.40.

Man Group Trading Up 0.9%

Man Group stock traded up GBX 1.70 during mid-day trading on Friday, hitting GBX 201.60. The company's stock had a trading volume of 1,845,302 shares, compared to its average volume of 5,929,188. The business has a 50 day moving average price of GBX 171.18 and a 200-day moving average price of GBX 170.97. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. Man Group has a 12 month low of GBX 150.40 and a 12 month high of GBX 221.52. The stock has a market cap of £2.26 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

Insider Buying and Selling at Man Group

In related news, insider Antoine Forterre sold 53,260 shares of the company's stock in a transaction on 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 acquired 20,000 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was acquired at an average price of GBX 178 per share, for a total transaction of £35,600. 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.

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