Credit Suisse Reiterates “Neutral” Rating for Man Group (EMG)
Man Group (LON:EMG)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Credit Suisse in a research note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 107 ($1.76) target price on the stock. Credit Suisse’s target price would suggest a potential upside of 21.87% from the stock’s previous close.
Shares of Man Group (LON:EMG) remained flat at GBX 87.80 during trading on Monday. The stock had a trading volume of 3,061,339 shares. Man Group has a one year low of GBX 76.35 and a one year high of GBX 136.00. The stock’s 50-day moving average is GBX 85.19 and its 200-day moving average is GBX 85.8.
A number of other analysts have also recently weighed in on EMG. Analysts at JPMorgan Chase & Co. downgraded shares of Man Group to an “underweight” rating in a research note to investors on Friday, January 10th. They now have a GBX 86 ($1.41) price target on the stock, down previously from GBX 102 ($1.67). Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 94.95 ($1.56).
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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