Man Group Stock Rating Lowered by JPMorgan Chase & Co. (EMG)
Man Group (LON:EMG) was downgraded by JPMorgan Chase & Co. to an “underweight” rating in a research note issued on Friday, StockRatingsNetwork reports. They currently have a GBX 86 ($1.41) target price on the stock, down from their previous target price of GBX 102 ($1.67). JPMorgan Chase & Co.’s target price indicates a potential downside of 0.98% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Man Group in a research note to investors on Friday, January 3rd. They now have a GBX 94 ($1.54) price target on the stock. Separately, analysts at RBC Capital reiterated an “underperform” rating on shares of Man Group in a research note to investors on Tuesday, December 17th. They now have a GBX 90 ($1.48) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Man Group in a research note to investors on Monday, December 9th. They now have a GBX 102 ($1.67) price target on the stock. Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Man Group presently has an average rating of “Hold” and a consensus target price of GBX 94.95 ($1.56).
Man Group (LON:EMG) opened at 86.85 on Friday. Man Group has a one year low of GBX 76.35 and a one year high of GBX 136.00. The stock has a 50-day moving average of GBX 84.90 and a 200-day moving average of GBX 85.69.
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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