Man Group Plc Receives Sell Rating from Espirito Santo Investment Bank Research (EMG)
Man Group Plc (LON:EMG)‘s stock had its “sell” rating reiterated by investment analysts at Espirito Santo Investment Bank Research in a note issued to investors on Thursday, AmericanBankingNews.com reports. They currently have a GBX 82 ($1.38) target price on the stock. Espirito Santo Investment Bank Research’s target price would suggest a potential downside of 15.98% from the company’s current price.
A number of other firms have also recently commented on EMG. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Man Group Plc in a research note on Friday, May 2nd. They now have a GBX 105 ($1.77) price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Man Group Plc in a research note on Tuesday, April 29th. They now have a GBX 125 ($2.11) price target on the stock. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Man Group Plc in a research note on Monday, April 28th. They now have a GBX 110 ($1.86) price target on the stock. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Man Group Plc has a consensus rating of “Hold” and a consensus target price of GBX 99.85 ($1.68).
Man Group Plc (LON:EMG) traded down 3.08% on Thursday, hitting GBX 97.60. The stock had a trading volume of 18,934,004 shares. Man Group Plc has a 1-year low of GBX 76.35 and a 1-year high of GBX 136.00. The stock has a 50-day moving average of GBX 101.1 and a 200-day moving average of GBX 91.15.
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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