Man Group Plc Receives “Neutral” Rating from Goldman Sachs (EMG)
Man Group Plc (LON:EMG)‘s stock had its “neutral” rating reiterated by analysts at Goldman Sachs in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. They currently have a GBX 110 ($1.85) price objective on the stock. Goldman Sachs’ target price would suggest a potential upside of 21.95% from the stock’s previous close.
Man Group Plc (LON:EMG) traded up 0.28% during mid-day trading on Monday, hitting GBX 90.20. 18,678,718 shares of the company’s stock traded hands. 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 100.7 and a 200-day moving average of GBX 91.25.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Man Group Plc in a research note on Monday, May 12th. They now have a GBX 96 ($1.62) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Man Group Plc in a research note on Friday, May 9th. They now have a GBX 107 ($1.80) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “sell” rating on shares of Man Group Plc in a research note on Friday, May 9th. They now have a GBX 66 ($1.11) price target on the stock. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 101.22 ($1.70).
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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