Man Group (LON:EMG) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup analysts have **increased** the target price for Man Group's stock from GBX 170 to GBX 190, maintaining a **"buy" rating** which indicates a potential upside of 1.99% from the previous close.
• JPMorgan and Deutsche Bank also revised their price targets for Man Group, with Deutsche Bank setting a target of GBX 215 and rating it as a **"buy."**
• Insider activity includes Laurie Fitch purchasing 20,000 shares at an average price of GBX 178, while Antoine Forterre sold 53,260 shares at GBX 155, highlighting **significant insider transactions** within the company.

Man Group (LON:EMG - Get Free Report) had its target price hoisted by stock analysts at Citigroup from GBX 170 to GBX 190 in a report released on Thursday,Digital Look reports. The brokerage currently has a "buy" rating on the investment management company's stock. Citigroup's target price suggests a potential upside of 1.99% from the company's previous close.

EMG has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price target on 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 price target on Man Group from GBX 205 to GBX 215 and gave the stock a "buy" rating in a research report on Monday, September 1st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 224.80.

Man Group Price Performance

Shares of LON:EMG opened at GBX 186.30 on Thursday. Man Group has a fifty-two week low of GBX 150.40 and a fifty-two week high of GBX 221.80. The business has a 50-day moving average of GBX 165.98 and a two-hundred day moving average of GBX 172.60. The stock has a market capitalization of £2.10 billion, a P/E ratio of 1,186.62, a P/E/G ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58.

Insider Activity at Man Group

In other news, insider Laurie Fitch purchased 20,000 shares of the business's stock in a transaction on Tuesday, September 23rd. The stock was purchased at an average price of GBX 178 per share, with a total value of £35,600. Also, insider Antoine Forterre sold 53,260 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of GBX 155, for a total value of £82,553. Corporate insiders own 7.76% of the company's stock.

About Man Group

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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