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Man Group plc ( (GB:EMG) ) has issued an announcement.
Man Group plc has announced the purchase of 158,655 of its ordinary shares as part of a US$100 million share buyback program initiated earlier this year. The shares were bought at prices ranging from 156.10 to 159.10 pence and will be held in treasury, bringing the total number of shares repurchased under the program to 31,825,400. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:EMG) stock is a Buy with a £215.00 price target. To see the full list of analyst forecasts on Man Group plc stock, see the GB:EMG Stock Forecast page.
Spark’s Take on GB:EMG Stock
According to Spark, TipRanks’ AI Analyst, GB:EMG is a Outperform.
Man Group plc’s overall stock score of 76 reflects its strong financial performance and strategic growth, particularly in AUM and credit business expansion. The stock’s reasonable valuation and high dividend yield add to its attractiveness. However, technical indicators suggest potential bearish momentum, and operational challenges in trend-following strategies and increased costs slightly temper the outlook.
To see Spark’s full report on GB:EMG stock, click here.
More about Man Group plc
Man Group plc is a global investment management firm that specializes in offering a diverse range of investment strategies and products. The company is known for its focus on alternative investment solutions and operates across various financial markets worldwide.
Average Trading Volume: 3,561,962
Technical Sentiment Signal: Sell
Current Market Cap: £1.85B
For a thorough assessment of EMG stock, go to TipRanks’ Stock Analysis page.