Man Group (LON:EMG) PT Raised to GBX 324

Man Group (LON:EMG) had its price objective upped by Morgan Stanley from GBX 322 ($4.18) to GBX 324 ($4.20) in a research report released on Thursday morning, Marketbeat reports. Morgan Stanley currently has an equal weight rating on the investment management company’s stock.

A number of other brokerages also recently issued reports on EMG. Numis Securities reiterated an add rating and issued a GBX 300 ($3.89) price target on shares of Man Group in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Man Group from GBX 315 ($4.09) to GBX 325 ($4.21) and gave the stock a buy rating in a research note on Tuesday, June 4th.

Man Group Trading Down 0.3 %

LON EMG opened at GBX 252.60 ($3.28) on Thursday. The firm has a 50 day simple moving average of GBX 253.13 and a 200-day simple moving average of GBX 249.06. The company has a debt-to-equity ratio of 29.03, a quick ratio of 1.58 and a current ratio of 2.04. Man Group has a one year low of GBX 200.50 ($2.60) and a one year high of GBX 279.23 ($3.62). The firm has a market cap of £2.93 billion, a price-to-earnings ratio of 1,684.00, a PEG ratio of -1.15 and a beta of 0.74.

Insider Activity

In other Man Group news, insider Dixit Joshi bought 38,183 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average cost of GBX 261 ($3.38) per share, with a total value of £99,657.63 ($129,240.86). Corporate insiders own 0.99% of the company’s stock.

About Man Group

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.