Insider Buying: Man Group (LON:EMG) Insider Acquires 5,000 Shares of Stock

Man Group Plc (LON:EMG) insider Laurie Fitch purchased 5,000 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was bought at an average price of GBX 242 per share, for a total transaction of £12,100.

Man Group Stock Performance

Shares of LON:EMG traded down GBX 0.01 on Monday, hitting GBX 241.60. 35,045,879 shares of the company were exchanged, compared to its average volume of 8,909,510. The company’s 50 day moving average price is GBX 262.21 and its two-hundred day moving average price is GBX 223.12. The firm has a market capitalization of £2.70 billion, a price-to-earnings ratio of 15.39, a PEG ratio of -1.15 and a beta of 0.66. The company has a debt-to-equity ratio of 18.04, a quick ratio of 1.58 and a current ratio of 0.95. Man Group Plc has a one year low of GBX 150.40 and a one year high of GBX 281.

Analyst Ratings Changes

Several research firms have commented on EMG. Citigroup upped their price target on Man Group from GBX 190 to GBX 275 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Jefferies Financial Group lifted their price objective on Man Group from GBX 240 to GBX 280 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 253.50.

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.