Man Group (LON:EMG) Price Target Lowered to GBX 285 at Citigroup

Key Points

• Citigroup cut its price target on Man Group from GBX 290 to GBX 285 and kept a "neutral" rating, a target that implies roughly a 9.95% upside from the current price.
• Jefferies raised its target to GBX 280 and gave a "buy" rating; the stock's consensus is a Moderate Buy with an average target of GBX 256, reflecting mixed analyst views.
• Notable insider activity: Anne Wade bought 6,000 shares at GBX 243 while Robyn Grew sold 210,263 shares at GBX 256, and insiders currently own 7.83% of the stock.

Man Group (LON:EMG - Get Free Report) had its price target reduced by research analysts at Citigroup from GBX 290 to GBX 285 in a research note issued to investors on Monday,Digital Look reports. The brokerage currently has a "neutral" rating on the investment management company's stock. Citigroup's price target suggests a potential upside of 9.95% from the company's current price.

Separately, Jefferies Financial Group upped their target price on Man Group from GBX 240 to GBX 280 and gave the company a "buy" rating in a report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 256.

Man Group Stock Performance

Shares of EMG opened at GBX 259.20 on Monday. The company has a current ratio of 0.95, a quick ratio of 1.58 and a debt-to-equity ratio of 18.04. The stock has a market capitalization of £2.90 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of -1.15 and a beta of 0.66. The firm's fifty day simple moving average is GBX 259.21 and its two-hundred day simple moving average is GBX 235.33. Man Group has a 12 month low of GBX 153.20 and a 12 month high of GBX 281.

Insider Buying and Selling at Man Group

In related news, insider Anne Wade bought 6,000 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average price of GBX 243 per share, with a total value of £14,580. Also, insider Robyn Grew sold 210,263 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of GBX 256, for a total value of £538,273.28. 7.83% of the stock is currently owned by insiders.

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. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future. Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes. We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.

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