JPMorgan Chase & Co. Lowers Man Group (LON:EMG) Price Target to GBX 242

Man Group (LON:EMG) had its price objective lowered by research analysts at JPMorgan Chase & Co. from GBX 247 ($3.21) to GBX 242 ($3.15) in a research note issued on Thursday,London Stock Exchange reports. The firm currently has an “overweight” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 16.35% from the company’s previous close.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group upgraded Man Group to a “buy” rating and boosted their price objective for the company from GBX 194 ($2.52) to GBX 272 ($3.54) in a research report on Wednesday, December 11th. Canaccord Genuity Group raised shares of Man Group to a “buy” rating and boosted their target price for the stock from GBX 194 ($2.52) to GBX 272 ($3.54) in a research note on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Man Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 281.67 ($3.66).

Man Group Price Performance

Shares of EMG stock traded down GBX 3.80 ($0.05) during mid-day trading on Thursday, hitting GBX 208 ($2.71). 1,183,967 shares of the stock were exchanged, compared to its average volume of 10,193,931. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76. Man Group has a 52-week low of GBX 196.87 ($2.56) and a 52-week high of GBX 279.23 ($3.63). The firm has a fifty day moving average of GBX 209.38 and a 200 day moving average of GBX 209.62. The company has a market cap of £3.00 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

Insider Activity

In related news, insider Robyn Grew sold 299,898 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.73), for a total value of £629,785.80 ($819,286.85). Also, insider Laurie Fitch bought 7,390 shares of Man Group stock in a transaction on Tuesday, December 31st. The shares were purchased at an average cost of GBX 213 ($2.77) per share, for a total transaction of £15,740.70 ($20,477.04). Company insiders own 0.95% of the company’s stock.

Man Group Company Profile

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.