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Man Group plc ( (GB:EMG) ) has provided an update.
Man Group plc has announced the purchase of 194,767 of its ordinary shares as part of a $100 million share buyback program initiated earlier this year. The shares were acquired at a weighted average price of 174.46 pence and will be held in treasury, increasing the total number of treasury shares to over 103 million. This move is part of the company’s strategy to enhance shareholder value, reflecting confidence in its financial stability and market position.
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.
Man Group plc exhibits strong financial performance and attractive valuation metrics, with significant value due to a low P/E ratio and high dividend yield. While the stock has moderate positive momentum, the solid earnings performance is somewhat offset by concerns over operational efficiency and net outflows.
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 offers a range of funds and investment services across various asset classes. The company focuses on providing innovative investment solutions and is known for its expertise in alternative investments.
Average Trading Volume: 4,007,721
Technical Sentiment Signal: Sell
Current Market Cap: £1.99B
Learn more about EMG stock on TipRanks’ Stock Analysis page.