Man Group (LON:EMG) Reaches New 52-Week High – Here’s Why

Man Group Plc (LON:EMGGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 334.60 and last traded at GBX 329.80, with a volume of 5589999 shares. The stock had previously closed at GBX 316.60.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Citigroup raised their target price on shares of Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 330 price objective on shares of Man Group in a research report on Friday, September 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 345 target price on shares of Man Group in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 304.75.

View Our Latest Report on Man Group

Man Group Price Performance

The company has a 50 day simple moving average of GBX 305.96 and a 200 day simple moving average of GBX 283.32. The company has a market capitalization of £3.70 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63. The company has a quick ratio of 1.58, a current ratio of 2.40 and a debt-to-equity ratio of 19.06.

Insider Buying and Selling at Man Group

In other Man Group news, insider Laurie Fitch purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of GBX 285 per share, with a total value of £42,750. Also, insider Antoine Forterre sold 500,000 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 307, for a total value of £1,535,000. Insiders own 7.71% of the company’s stock.

Man Group Company Profile

(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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