Jefferies Financial Group Forecasts Strong Price Appreciation for Man Group (LON:EMG) Stock

Man Group (LON:EMG) had its price objective boosted by Jefferies Financial Group from GBX 240 to GBX 280 in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the investment management company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 8.02% from the stock’s previous close.

Several other equities analysts have also commented on EMG. Citigroup raised 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. upped their target price on shares of Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a report on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a research report on Friday, October 17th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 253.50.

Man Group Stock Performance

Shares of EMG stock opened at GBX 259.20 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. Man Group has a 12 month low of GBX 150.40 and a 12 month high of GBX 272.20. The firm has a market capitalization of £2.89 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. The firm has a fifty day simple moving average of GBX 223.40 and a two-hundred day simple moving average of GBX 194.24.

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. 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.