Citigroup Issues Positive Forecast for Man Group (LON:EMG) Stock Price

Man Group (LON:EMGGet Free Report) had its price objective upped by analysts at Citigroup from GBX 325 to GBX 335 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a “neutral” rating on the investment management company’s stock. Citigroup’s price target would suggest a potential upside of 7.58% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Man Group to a “hold” rating and increased their price objective for the company from GBX 295 to GBX 310 in a report on Thursday, June 25th. 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Man Group presently has an average rating of “Hold” and an average target price of GBX 283.50.

Check Out Our Latest Stock Analysis on Man Group

Man Group Stock Up 1.6%

Shares of LON EMG opened at GBX 311.40 on Wednesday. The firm has a market capitalization of £3.47 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of -1.15 and a beta of 0.64. The company has a current ratio of 0.95, a quick ratio of 1.58 and a debt-to-equity ratio of 18.04. Man Group has a 1 year low of GBX 154.25 and a 1 year high of GBX 327.20. The firm’s 50-day moving average is GBX 293.07 and its 200-day moving average is GBX 272.07.

Insider Transactions at Man Group

In other news, insider Colin Bell purchased 18,050 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of GBX 276 per share, for a total transaction of £49,818. Also, insider Laurie Fitch purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average price of GBX 285 per share, for a total transaction of £42,750. 7.72% of the stock is currently owned by company insiders.

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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