Man Group (LON:EMG) Sets New 52-Week High – Should You Buy?

Man Group Plc (LON:EMG) reached a new 52-week high on Thursday . The company traded as high as GBX 281.73 and last traded at GBX 281.73, with a volume of 1640920 shares traded. The stock had previously closed at GBX 278.40.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EMG shares. Citigroup dropped their price objective on Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research note on Monday, April 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 280 price objective on shares of Man Group in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 256.

Man Group Stock Performance

The business has a 50 day moving average of GBX 256.32 and a 200 day moving average of GBX 242.70. The company has a market capitalization of £3.16 billion, a P/E ratio of 18.82, 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 0.95 and a debt-to-equity ratio of 18.04.

Insider Transactions at Man Group

In related news, insider Robyn Grew sold 210,263 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was 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 company’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of GBX 243 per share, with a total value of £14,580. Insiders own 7.83% 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.