Insider Selling: Man Group (LON:EMG) Insider Sells 53,260 Shares of Stock

Key Points

• Insider Antoine Forterre sold 53,260 shares of Man Group stock for a total of £82,553 on September 11th at an average price of GBX 155.
• Man Group’s stock is currently trading at GBX 156, with a twelve-month low of GBX 150.40 and high of GBX 222.20, reflecting recent volatility.
• Analyst ratings are mixed, with a consensus rating of "Moderate Buy" and a target price of GBX 220.80, although Citigroup has lowered their target to GBX 170.

Man Group Plc (LON:EMG - Get Free Report) insider Antoine Forterre sold 53,260 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of GBX 155, for a total transaction of £82,553.

Man Group Stock Up 1.4%

Shares of EMG stock traded up GBX 2.30 during mid-day trading on Wednesday, reaching GBX 161.90. 2,164,470 shares of the company's stock traded hands, compared to its average volume of 6,208,682. The company has a market cap of £1.82 billion, a P/E ratio of 1,031.21, a P/E/G ratio of -1.15 and a beta of 0.71. The company's 50-day moving average price is GBX 166.44 and its 200-day moving average price is GBX 174.73. Man Group Plc has a 12 month low of GBX 150.40 and a 12 month high of GBX 222.20. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76.

Analyst Upgrades and Downgrades

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