Man Group (LON:EMG) Hits New 12-Month High - Still a Buy?

Key Points

• Man Group reached a new 52-week high, trading as high as GBX 348.80 and most recently at GBX 342.26, up from its prior close of GBX 336.40.
• Analyst sentiment remains cautious: the stock has one Buy and three Hold ratings, with an average price target of GBX 322.25. Jefferies was the most bullish, raising its target to GBX 385.
• The company has a £3.78 billion market capitalization and trades at a price-to-earnings ratio of 12.13; insider Antoine Forterre also sold 500,000 shares for £1.535 million in July.

Man Group Plc (LON:EMG - Get Free Report) hit a new 52-week high during trading on Friday. The company traded as high as GBX 348.80 and last traded at GBX 342.26, with a volume of 1,092,863 shares changing hands. The stock had previously closed at GBX 336.40.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup increased their price target on shares of Man Group from GBX 325 to GBX 335 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Man Group to a "hold" rating and lifted their price objective for the company from GBX 345 to GBX 360 in a research note on Friday, October 2nd. Finally, Jefferies Financial Group lifted their price objective on shares of Man Group from GBX 345 to GBX 385 and gave the company a "buy" rating in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 322.25.

Man Group Price Performance

The firm has a 50-day simple moving average of GBX 318.56 and a two-hundred day simple moving average of GBX 294.92. The company has a market capitalization of £3.78 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of -1.15 and a beta of 0.63. The company has a current ratio of 2.40, a quick ratio of 1.58 and a debt-to-equity ratio of 19.06.

Insider Activity at Man Group

In other news, insider Antoine Forterre sold 500,000 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 307, for a total value of £1,535,000. 7.71% of the stock is 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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