Man Group (LON:EMG) Reaches New 12-Month High – Time to Buy?

Man Group Plc (LON:EMG) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 275 and last traded at GBX 275, with a volume of 103641531 shares traded. The stock had previously closed at GBX 270.

Analyst Ratings Changes

A number of research analysts have commented on EMG shares. JPMorgan Chase & Co. boosted their price objective on Man Group from GBX 188 to GBX 209 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Citigroup raised their target price on Man Group from GBX 190 to GBX 275 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Finally, Jefferies Financial Group upped their price target on Man Group from GBX 240 to GBX 280 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 253.50.

Man Group Trading Up 0.1%

The firm has a market cap of £3.05 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. The firm’s fifty day moving average is GBX 250.88 and its 200-day moving average is GBX 208.75.

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.