Shore Capital Reaffirms Buy Rating for Man Group (LON:EMG)

Shore Capital reiterated their buy rating on shares of Man Group (LON:EMG) in a report published on Thursday, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Man Group from GBX 128 ($1.58) to GBX 130 ($1.60) and gave the company a neutral rating in a report on Monday, June 15th. UBS Group reiterated a buy rating on shares of Man Group in a research note on Monday, July 27th. Berenberg Bank lowered shares of Man Group to a hold rating and lowered their target price for the company from GBX 160 ($1.97) to GBX 148 ($1.82) in a research note on Monday, June 22nd. Barclays lowered their target price on shares of Man Group from GBX 160 ($1.97) to GBX 145 ($1.78) and set an equal weight rating for the company in a research note on Thursday, April 9th. Finally, Citigroup reiterated a buy rating and set a GBX 150 ($1.85) target price on shares of Man Group in a research note on Tuesday, May 12th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and an average target price of GBX 154.73 ($1.90).

EMG opened at GBX 124.05 ($1.53) on Thursday. The stock has a market capitalization of $1.83 billion and a PE ratio of 6.74. The firm’s fifty day moving average price is GBX 130.70 and its 200 day moving average price is GBX 135.81. The company has a debt-to-equity ratio of 21.12, a current ratio of 2.56 and a quick ratio of 2.22. Man Group has a 12-month low of GBX 1.29 ($0.02) and a 12-month high of GBX 177.10 ($2.18).

The business also recently announced a dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 6th will be given a $0.05 dividend. The ex-dividend date is Thursday, August 6th. This represents a yield of 3.07%. Man Group’s dividend payout ratio is presently 43.48%.

About Man Group

Man Group plc provides alternative investment management services worldwide. The company offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries.

Read More: Rule of 72

Analyst Recommendations for Man Group (LON:EMG)

Receive News & Ratings for Man Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Man Group and related companies with's FREE daily email newsletter.