Man Group (LON:EMG) Insider Acquires 15,000 Shares

Man Group Plc (LON:EMG) insider Laurie Fitch bought 15,000 shares of Man Group stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of GBX 285 per share, for a total transaction of £42,750.

Man Group Stock Down 0.8%

Shares of EMG stock traded down GBX 2.20 on Friday, hitting GBX 287.40. The stock had a trading volume of 1,918,734 shares, compared to its average volume of 19,874,971. The stock’s 50 day moving average is GBX 277.01 and its 200-day moving average is GBX 260.14. The firm has a market capitalization of £3.21 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of -1.15 and a beta of 1.46. Man Group Plc has a 52-week low of GBX 154.25 and a 52-week high of GBX 305.80. The company has a debt-to-equity ratio of 18.04, a quick ratio of 1.58 and a current ratio of 0.95.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EMG shares. Deutsche Bank Aktiengesellschaft lowered Man Group to a “hold” rating and lifted their target price for the stock from GBX 295 to GBX 310 in a research report on Thursday. Jefferies Financial Group restated a “buy” rating and set a GBX 280 price objective on shares of Man Group in a research note on Friday, April 24th. Finally, Citigroup dropped their price objective on Man Group from GBX 290 to GBX 285 and set a “neutral” rating on the stock in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 271.

About Man Group

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.