Man Group (LON:EMG) Reaches New 12-Month High – Here’s Why

Man Group Plc (LON:EMGGet Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 286.20 and last traded at GBX 286, with a volume of 1232844 shares traded. The stock had previously closed at GBX 281.60.

Analysts Set New Price Targets

EMG has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 280 target price on shares of Man Group in a research report on Friday, April 24th. Citigroup dropped their target price on Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 256.

Read Our Latest Report on EMG

Man Group Stock Up 1.3%

The company’s 50 day moving average price is GBX 257.58 and its two-hundred day moving average price is GBX 244.72. The company has a quick ratio of 1.58, a current ratio of 0.95 and a debt-to-equity ratio of 18.04. The stock has a market cap of £3.19 billion, a P/E ratio of 19.03, a P/E/G ratio of -1.15 and a beta of 0.63.

Insider Activity

In other news, insider Robyn Grew sold 210,263 shares of Man Group stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of GBX 256, for a total transaction of £538,273.28. Also, insider Anne Wade purchased 6,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were bought at an average cost of GBX 243 per share, with a total value of £14,580. In the last ninety days, insiders have purchased 29,050 shares of company stock valued at $7,649,800. Insiders own 7.83% of the company’s stock.

About Man Group

(Get Free Report)

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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