Man Group Plc Receives Consensus Rating of “Hold” from Brokerages (LON:EMG)
Man Group Plc (LON:EMG) has been given a consensus recommendation of “Hold” by the nineteen brokerages that are covering the company, StockRatingsNetwork.com reports. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 105.67 ($1.75).
Man Group Plc (LON:EMG) opened at 115.50 on Friday. Man Group Plc has a 52-week low of GBX 76.35 and a 52-week high of GBX 126.60. The stock’s 50-day moving average is GBX 116.3 and its 200-day moving average is GBX 102.9. The company’s market cap is £2.049 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, September 3rd. Investors 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.
Several analysts have recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Man Group Plc from GBX 120 ($1.99) to GBX 110 ($1.82) 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 ($1.92) 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.
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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