Man Group (LON:EMG) Stock Rating Reaffirmed by Numis Securities

Man Group (LON:EMG)‘s stock had its “add” rating restated by analysts at Numis Securities in a research report issued to clients and investors on Friday, MarketBeat reports. They presently have a GBX 300 ($3.73) target price on the investment management company’s stock. Numis Securities’ target price would suggest a potential upside of 19.52% from the company’s current price.

Separately, JPMorgan Chase & Co. cut their price objective on Man Group from GBX 323 ($4.02) to GBX 318 ($3.96) and set an “overweight” rating for the company in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 292.67 ($3.64).

Man Group Stock Down 6.6 %

Shares of LON EMG opened at GBX 251 ($3.12) on Friday. Man Group has a 12 month low of GBX 200.50 ($2.50) and a 12 month high of GBX 279.23 ($3.48). The company has a current ratio of 2.04, a quick ratio of 1.58 and a debt-to-equity ratio of 29.03. The firm has a market capitalization of £2.94 billion, a price-to-earnings ratio of 1,673.33, a PEG ratio of -1.15 and a beta of 0.74. The business has a 50-day moving average of GBX 254.01 and a 200-day moving average of GBX 234.41.

Insider Buying and Selling

In other Man Group news, insider Antoine Forterre sold 75,484 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of GBX 249 ($3.10), for a total value of £187,955.16 ($233,978.79). 2.07% of the stock is currently owned by corporate insiders.

Man Group Company Profile

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.