Man Group plc Advances Share Buyback Program with New Purchase

The latest announcement is out from Man Group plc ( (GB:EMG) ).

Man Group plc has announced the purchase of 238,220 of its ordinary shares as part of its ongoing US$100 million share buyback program. The shares were acquired at a weighted average price of 175.68 pence per share and will be held in treasury. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. The buyback program, which began earlier this year, has seen the company repurchase a total of 18,321,838 shares to date, reflecting its commitment to returning capital to shareholders.

The most recent analyst rating on (GB:EMG) stock is a Hold with a £3.01 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.

The overall stock score is driven by strong financial performance and attractive valuation, supported by positive earnings call sentiment highlighting strategic growth initiatives. Technical indicators provide moderate support, while corporate events like consistent share buybacks further reinforce shareholder value.

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 operates in the financial services industry. The company specializes in offering a diverse range of investment products and services, including hedge funds and alternative investments, catering to a wide array of institutional and private investors.

Average Trading Volume: 4,794,364

Technical Sentiment Signal: Sell

Current Market Cap: £1.99B

See more data about EMG stock on TipRanks’ Stock Analysis page.