Man Group Plc Given Average Rating of “Hold” by Analysts (LON:EMG)
Man Group Plc (LON:EMG) has earned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the stock, AnalystRatings.NET reports. Three analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 105.67 ($1.77).
A number of analysts have recently weighed in on EMG shares. Analysts at RBC Capital cut their price target on shares of Man Group Plc from GBX 120 ($2.01) to GBX 110 ($1.84) in a research note on Tuesday, August 12th. They now have a “sector performer” rating on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Man Group Plc in a research note on Wednesday, August 6th. They now have a GBX 116 ($1.94) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Man Group Plc in a research note on Monday, August 4th.
Shares of Man Group Plc (LON:EMG) traded up 0.17% during mid-day trading on Friday, hitting GBX 115.30. The stock had a trading volume of 1,669,716 shares. Man Group Plc has a 1-year low of GBX 76.35 and a 1-year high of GBX 126.60. The stock’s 50-day moving average is GBX 116.0 and its 200-day moving average is GBX 102.3. The company’s market cap is £2.046 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th will be given a dividend of GBX 2.37 ($0.04) per share. This represents a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, August 13th.
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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