Man Group (LON:EMG) Stock: Insider Laurie Fitch Buys 7,500 Shares

Man Group Plc (LON:EMG) insider Laurie Fitch purchased 7,500 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was acquired at an average price of GBX 301 per share, for a total transaction of £22,575.

Man Group Price Performance

Shares of Man Group stock traded up GBX 5.60 during trading on Monday, reaching GBX 302.60. 79,457,539 shares of the company’s stock were exchanged, compared to its average volume of 18,646,588. The company has a debt-to-equity ratio of 19.06, a quick ratio of 1.58 and a current ratio of 2.40. Man Group Plc has a 1-year low of GBX 197 and a 1-year high of GBX 348.80. The company has a market cap of £3.35 billion, a P/E ratio of 10.77, a PEG ratio of -1.15 and a beta of 0.63. The firm’s 50-day moving average price is GBX 324.86 and its 200 day moving average price is GBX 289.73.

Wall Street Analysts Forecast Growth

EMG has been the subject of a number of recent research reports. Jefferies Financial Group upped their target price on Man Group from GBX 345 to GBX 385 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft cut their target price on Man Group from GBX 365 to GBX 355 and set a “hold” rating on the stock in a report on Friday. Finally, Citigroup upped their price target on Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 321.

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.