Man Group Plc Rating Reiterated by Canaccord Genuity (EMG)
Man Group Plc (LON:EMG)‘s stock had its “hold” rating reissued by equities researchers at Canaccord Genuity in a research report issued on Thursday. They currently have a GBX 120 ($1.99) price objective on the stock. Canaccord Genuity’s target price suggests a potential downside of 1.23% from the stock’s previous close.
Shares of Man Group Plc (LON:EMG) opened at 118.40 on Thursday. Man Group Plc has a 52 week low of GBX 76.35 and a 52 week high of GBX 126.60. The stock has a 50-day moving average of GBX 116. and a 200-day moving average of GBX 103.4. The company’s market cap is £2.101 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.
Several other analysts have also 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 Jefferies Group reiterated a “hold” rating on shares of Man Group Plc in a research note on Monday, August 4th. They now have a GBX 100 ($1.65) price target on the stock. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 106.42 ($1.76).
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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