Citigroup Inc. Upgrades Man Group Plc to “Neutral” (EMG)
Man Group Plc (LON:EMG) was upgraded by research analysts at Citigroup Inc. to a “neutral” rating in a report released on Friday. The firm currently has a GBX 102 ($1.73) price objective on the stock, up from their previous price objective of GBX 88 ($1.49). Citigroup Inc.’s price objective would indicate a potential downside of 1.92% from the stock’s previous close.
Shares of Man Group Plc (LON:EMG) traded down 1.05% on Friday, hitting GBX 104.00. The stock had a trading volume of 11,403,179 shares. Man Group Plc has a one year low of GBX 76.35 and a one year high of GBX 108.80. The stock’s 50-day moving average is GBX 100.7 and its 200-day moving average is GBX 91.25. The company’s market cap is £1.866 billion.
Several other analysts have also recently commented on the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Man Group Plc in a research note on Thursday. They now have a GBX 82 ($1.39) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “sell” rating on shares of Man Group Plc in a research note on Thursday. They now have a GBX 66 ($1.12) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of Man Group Plc in a research note on Tuesday. They now have a GBX 105 ($1.78) price target on the stock. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Man Group Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 101.95 ($1.73).
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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