Man Group PLC (LON:EMG) declared a dividend on Thursday, July 30th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 6th will be paid a dividend of $0.05 per share by the investment management company on Wednesday, September 2nd. This represents a yield of 3.07%. The ex-dividend date is Thursday, August 6th. The official announcement can be seen at this link.
Shares of EMG opened at GBX 124.05 ($1.53) on Friday. The business’s 50-day moving average price is GBX 130.70 and its 200 day moving average price is GBX 135.81. The stock has a market capitalization of $1.83 billion and a P/E ratio of 6.74. Man Group has a 1-year low of GBX 1.29 ($0.02) and a 1-year high of GBX 177.10 ($2.18). The company has a current ratio of 2.56, a quick ratio of 2.22 and a debt-to-equity ratio of 21.12.
Several equities analysts have weighed in on the company. Barclays lowered their target price on Man Group from GBX 160 ($1.97) to GBX 145 ($1.78) and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. JPMorgan Chase & Co. lifted their target price on Man Group from GBX 128 ($1.58) to GBX 130 ($1.60) and gave the company a “neutral” rating in a research note on Monday, June 15th. Goldman Sachs Group lowered their target price on Man Group from GBX 155 ($1.91) to GBX 125 ($1.54) and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Shore Capital reaffirmed a “buy” rating on shares of Man Group in a research note on Thursday. Finally, UBS Group reaffirmed a “buy” rating on shares of Man Group in a research note on Monday, July 27th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 154.73 ($1.90).
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.
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