Man Group Plc (LON:EMG) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Man Group Plc has received a consensus rating of "Moderate Buy" from six analysts, with five giving a buy rating and one a hold rating.
• Brokerage price targets for Man Group have been revised upward, with Deutsche Bank increasing its target to GBX 250 and Citigroup raising theirs to GBX 190.
• In recent trades, insider selling and buying activity was noted, with Antoine Forterre selling over 53,000 shares while Laurie Fitch bought 20,000 shares of the company.

Man Group Plc (LON:EMG - Get Free Report) has earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 235.33.

Several research firms recently weighed in on EMG. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Man Group from GBX 225 to GBX 250 and gave the stock a "buy" rating in a research note on Friday, October 17th. Citigroup boosted their price objective on Man Group from GBX 170 to GBX 190 and gave the company a "buy" rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of Man Group from GBX 175 to GBX 188 and gave the company a "neutral" rating in a research note on Monday, October 13th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 240 price objective on shares of Man Group in a research report on Wednesday.

Insider Activity

In other news, 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 value of £82,553. Also, insider Laurie Fitch bought 20,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were purchased 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 Stock Down 0.3%

Man Group stock traded down GBX 0.60 during midday trading on Wednesday, hitting GBX 203.20. 2,051,664 shares of the company were exchanged, compared to its average volume of 5,897,295. The company has a market cap of £2.28 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. Man Group has a fifty-two week low of GBX 150.40 and a fifty-two week high of GBX 221.52. The company's fifty day moving average price is GBX 172.99 and its 200-day moving average price is GBX 171.40. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58.

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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