Man Group (LON:EMG) Lifted to Buy at UBS Group

UBS Group upgraded shares of Man Group (LON:EMG) to a buy rating in a research note issued to investors on Monday morning, Stock Target Advisor reports. UBS Group currently has GBX 145 ($1.91) price objective on the investment management company’s stock, down from their previous price objective of GBX 155 ($2.04).

A number of other brokerages also recently issued reports on EMG. JPMorgan Chase & Co. cut their price objective on shares of Man Group from GBX 161 ($2.12) to GBX 128 ($1.68) and set a neutral rating on the stock in a research report on Wednesday, March 18th. BNP Paribas raised shares of Man Group to an outperform rating and boosted their target price for the stock from GBX 160 ($2.10) to GBX 170 ($2.24) in a research report on Wednesday, February 19th. Jefferies Financial Group dropped their target price on shares of Man Group from GBX 185 ($2.43) to GBX 150 ($1.97) and set a buy rating on the stock in a research report on Monday. Shore Capital reissued a buy rating on shares of Man Group in a research report on Friday, February 28th. Finally, Credit Suisse Group dropped their target price on shares of Man Group from GBX 180 ($2.37) to GBX 160 ($2.10) and set an outperform rating on the stock in a research report on Thursday, March 5th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Man Group currently has a consensus rating of Buy and a consensus target price of GBX 164.78 ($2.17).

Shares of Man Group stock traded up GBX 8.15 ($0.11) on Monday, reaching GBX 127.90 ($1.68). The stock had a trading volume of 2,389,969 shares, compared to its average volume of 9,940,000. The company has a 50 day moving average price of GBX 136.26 and a 200 day moving average price of GBX 151.03. The company has a quick ratio of 2.22, a current ratio of 2.56 and a debt-to-equity ratio of 21.12. Man Group has a 1 year low of GBX 84.72 ($1.11) and a 1 year high of GBX 177.10 ($2.33). The stock has a market capitalization of $1.89 billion and a P/E ratio of 6.95.

The firm also recently disclosed a dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.05 per share. This represents a yield of 2.71%. The ex-dividend date is Thursday, April 2nd. Man Group’s payout ratio is 0.43%.

In other Man Group news, insider Luke Ellis acquired 626,982 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was acquired at an average cost of GBX 95 ($1.25) per share, for a total transaction of £595,632.90 ($783,521.31).

Man Group Company Profile

Man Group plc provides alternative investment management services worldwide. The company offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries.

Further Reading: Beta

Analyst Recommendations for Man Group (LON:EMG)

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