Man Group Plc (LON:EMG – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 295.40 and last traded at GBX 293.80, with a volume of 266927 shares. The stock had previously closed at GBX 289.60.
Wall Street Analyst Weigh In
EMG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Man Group to a “buy” rating and boosted their price objective for the stock from GBX 280 to GBX 295 in a research note on Monday, June 1st. Citigroup lowered 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. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 280 target price on shares of Man Group in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Man Group currently has an average rating of “Moderate Buy” and an average target price of GBX 267.25.
View Our Latest Analysis on Man Group
Man Group Price Performance
Insider Activity
In other news, insider Laurie Fitch bought 5,000 shares of Man Group stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of GBX 242 per share, for a total transaction of £12,100. Also, insider Anne Wade bought 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average cost of GBX 243 per share, with a total value of £14,580. Insiders bought a total of 29,050 shares of company stock worth $7,649,800 in the last three months. Company insiders own 7.70% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Man Group
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
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 MarketBeat.com's FREE daily email newsletter.
