Man Group (LON:EMG) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Man Group (LON:EMG) to a hold rating in a research report report published on Friday morning, Marketbeat.com reports. The firm currently has GBX 360 target price on the investment management company’s stock, up from their previous target price of GBX 345.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 345 price objective on shares of Man Group in a research note on Wednesday, July 29th. Citigroup boosted their target price on shares of Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Man Group has a consensus rating of “Hold” and an average price target of GBX 312.25.

Man Group Price Performance

Shares of EMG opened at GBX 322.20 on Friday. Man Group has a twelve month low of GBX 183.30 and a twelve month high of GBX 348.80. The company has a market capitalization of £3.57 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63. The firm has a 50 day moving average of GBX 313.96 and a 200 day moving average of GBX 289.46. The company has a quick ratio of 1.58, a current ratio of 2.40 and a debt-to-equity ratio of 19.06.

Insider Buying and Selling at Man Group

In other news, insider Antoine Forterre sold 500,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 307, for a total transaction of £1,535,000. 7.71% of the stock is currently owned by insiders.

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.