Man Group Plc (LON:EMG) Receives GBX 281.67 Consensus Target Price from Brokerages

Shares of Man Group Plc (LON:EMG) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 281.67 ($3.64).

EMG has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Man Group from GBX 247 ($3.19) to GBX 242 ($3.13) and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and upped their target price for the stock from GBX 194 ($2.51) to GBX 272 ($3.52) in a research note on Wednesday, December 11th. Finally, Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and increased their target price for the company from GBX 194 ($2.51) to GBX 272 ($3.52) in a report on Wednesday, December 11th.

Insider Activity at Man Group

In related news, insider Robyn Grew sold 299,898 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 210 ($2.72), for a total value of £629,785.80 ($814,307.99). Also, insider Dixit Joshi acquired 46,051 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were acquired at an average cost of GBX 217 ($2.81) per share, for a total transaction of £99,930.67 ($129,209.56). 0.95% of the stock is owned by company insiders.

Man Group Price Performance

EMG stock opened at GBX 208.20 ($2.69) on Friday. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. The business has a 50-day simple moving average of GBX 209.85 and a two-hundred day simple moving average of GBX 209.40. The company has a market capitalization of £3.01 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. Man Group has a 52-week low of GBX 196.87 ($2.55) and a 52-week high of GBX 279.23 ($3.61).

Man Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.12 per share. This represents a dividend yield of 4.25%. This is a boost from Man Group’s previous dividend of $0.06. The ex-dividend date is Thursday, April 10th. Man Group’s payout ratio is presently 61.33%.

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.