Man Group (LON:EMG) Rating Reiterated by Shore Capital

Man Group (LON:EMG – Get Rating)‘s stock had its “buy” rating reiterated by equities research analysts at Shore Capital in a report released on Thursday, Marketbeat Ratings reports.

Several other equities research analysts also recently issued reports on EMG. Citigroup reiterated a “buy” rating on shares of Man Group in a research note on Monday, April 11th. JPMorgan Chase & Co. boosted their price objective on shares of Man Group from GBX 280 ($3.64) to GBX 295 ($3.84) and gave the stock an “overweight” rating in a research note on Friday, April 8th. Barclays boosted their price objective on shares of Man Group from GBX 235 ($3.06) to GBX 240 ($3.12) and gave the stock an “equal weight” rating in a research note on Thursday, March 3rd. Finally, Morgan Stanley restated an “overweight” rating and issued a GBX 301 ($3.92) target price on shares of Man Group in a research note on Thursday, April 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 261.50 ($3.40).

EMG opened at GBX 238.20 ($3.10) on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.87 and a debt-to-equity ratio of 16.04. Man Group has a 52-week low of GBX 157.50 ($2.05) and a 52-week high of GBX 245.90 ($3.20). The company has a 50 day moving average of GBX 216.38 and a two-hundred day moving average of GBX 217.27. The company has a market cap of £3.23 billion and a P/E ratio of 14.26.

In related news, insider Anne Wade acquired 15,000 shares of Man Group stock in a transaction on Friday, March 4th. The shares were purchased at an average cost of GBX 183 ($2.38) per share, for a total transaction of £27,450 ($35,714.29).

About Man Group (Get Rating)

Man Group plc 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.

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