Man Group Plc Stock Rating Reaffirmed by Canaccord Genuity (EMG)
Man Group Plc (LON:EMG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday. They currently have a GBX 115 ($1.95) price target on the stock. Canaccord Genuity’s price target points to a potential upside of 9.42% from the company’s current price.
Shares of Man Group Plc (LON:EMG) traded down 0.38% during mid-day trading on Friday, hitting GBX 104.70. 5,589,441 shares of the company’s stock traded hands. Man Group Plc has a 52 week low of GBX 76.35 and a 52 week high of GBX 108.80. The stock has a 50-day moving average of GBX 100.7 and a 200-day moving average of GBX 91.25. The company’s market cap is £1.878 billion.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of Man Group Plc to a “neutral” rating in a research note on Friday. They now have a GBX 102 ($1.73) price target on the stock, up previously from GBX 88 ($1.49). Separately, 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. Finally, 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. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price 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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