Man Group Receives “Neutral” Rating from Bank of America Corp. (EMG)
Man Group (LON:EMG)‘s stock had its “neutral” rating restated by equities researchers at Bank of America Corp. in a research report issued on Monday, AnalystRatings.Net reports. They currently have a GBX 98 ($1.59) price objective on the stock. Bank of America Corp.’s target price indicates a potential upside of 10.36% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas upgraded shares of Man Group to a “neutral” rating in a research note to investors on Monday, October 21st. They now have a GBX 88 ($1.42) price target on the stock, up previously from GBX 76 ($1.23). Separately, analysts at UBS AG raised their price target on shares of Man Group from GBX 86 ($1.39) to GBX 91 ($1.47) in a research note to investors on Friday, October 18th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Man Group from GBX 65 ($1.05) to GBX 70 ($1.13) in a research note to investors on Friday, October 18th. They now have an “underperform” rating on the stock. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 95.65 ($1.55).
Shares of Man Group (LON:EMG) traded down 1.66% on Monday, hitting GBX 88.80. The stock had a trading volume of 4,797,245 shares. Man Group has a 52 week low of GBX 70.60 and a 52 week high of GBX 136.00. The stock’s 50-day moving average is GBX 87.07 and its 200-day moving average is GBX 96.44.
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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