Insider Buying: Man Group Plc (LON:EMG) Insider Purchases £24,942.48 in Stock

Man Group Plc (LON:EMG) insider Sarah Legg purchased 12,108 shares of Man Group stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of GBX 206 ($2.59) per share, with a total value of £24,942.48 ($31,346.59).

Man Group Stock Performance

EMG opened at GBX 209.40 ($2.63) on Friday. The company has a market cap of £2.41 billion, a P/E ratio of 1,047.00, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. Man Group Plc has a 52-week low of GBX 196.87 ($2.47) and a 52-week high of GBX 279.23 ($3.51). The company has a quick ratio of 1.58, a current ratio of 3.23 and a debt-to-equity ratio of 29.95. The firm’s 50-day moving average price is GBX 206.77 and its 200-day moving average price is GBX 223.32.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 280 ($3.52) target price on shares of Man Group in a research note on Tuesday, September 3rd. Canaccord Genuity Group raised Man Group to a “buy” rating and upped their price objective for the stock from GBX 194 ($2.44) to GBX 272 ($3.42) in a report on Wednesday, December 11th. Finally, Canaccord Genuity Group upgraded Man Group to a “buy” rating and upped their price objective for the company from GBX 194 ($2.44) to GBX 272 ($3.42) in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Man Group presently has an average rating of “Moderate Buy” and an average target price of GBX 291.17 ($3.66).

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.