Man Group Plc Given New GBX 112 Price Target at Citigroup Inc. (EMG)
Investment analysts at Citigroup Inc. increased their price target on shares of Man Group Plc (LON:EMG) from GBX 111 ($1.87) to GBX 112 ($1.88) in a note issued to investors on Monday. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s target price indicates a potential downside of 7.44% from the company’s current price.
Man Group Plc (LON:EMG) traded up 3.60% on Monday, hitting GBX 121.00. 8,620,015 shares of the company’s stock traded hands. Man Group Plc has a one year low of GBX 76.35 and a one year high of GBX 126.60. The stock has a 50-day moving average of GBX 111.7 and a 200-day moving average of GBX 99.54. The company’s market cap is £2.171 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th will be paid a dividend of GBX 2.37 ($0.04) per share. This represents a dividend yield of 2.03%. The ex-dividend date is Wednesday, August 13th.
A number of other analysts have also recently weighed in on EMG. Analysts at RBC Capital reiterated a “sector performer” rating on shares of Man Group Plc in a research note on Friday. Separately, analysts at Panmure Gordon downgraded shares of Man Group Plc to a “hold” rating in a research note on Friday. They now have a GBX 125 ($2.10) 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. They now have a GBX 74 ($1.25) price target on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 103.94 ($1.75).
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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