Man Group Plc Stock Rating Lowered by Liberum Capital (EMG)
Man Group Plc (LON:EMG) was downgraded by investment analysts at Liberum Capital to a “hold” rating in a note issued to investors on Friday. They currently have a GBX 120 ($1.99) price objective on the stock, up from their previous price objective of GBX 119 ($1.97). Liberum Capital’s price target points to a potential upside of 1.52% from the stock’s previous close.
Shares of Man Group Plc (LON:EMG) opened at 119.60 on Friday. Man Group Plc has a one year low of GBX 76.35 and a one year high of GBX 126.60. The stock’s 50-day moving average is GBX 116.7 and its 200-day moving average is GBX 103.5. The company’s market cap is £2.122 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.
EMG has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity downgraded shares of Man Group Plc to a “hold” rating in a research note on Thursday. They now have a GBX 120 ($1.99) price target on the stock, up previously from GBX 115 ($1.90). Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 106.84 ($1.77).
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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