Liberum Capital Reaffirms Buy Rating for Man Group Plc (EMG)
Man Group Plc (LON:EMG)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a report issued on Tuesday. They currently have a GBX 125 ($1.63) price target on the investment management company’s stock. Liberum Capital’s target price indicates a potential upside of 10.23% from the stock’s current price.
A number of other brokerages have also recently commented on EMG. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 170 ($2.22) price target on shares of Man Group Plc in a research report on Friday, April 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 170 ($2.22) price target on shares of Man Group Plc in a research report on Monday, April 18th. Royal Bank Of Canada cut their price target on shares of Man Group Plc from GBX 170 ($2.22) to GBX 165 ($2.15) and set a “sector performer” rating on the stock in a research report on Monday, April 11th. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 130 ($1.70) price target on shares of Man Group Plc in a research report on Thursday, July 21st. Finally, Jefferies Group reaffirmed a “buy” rating and set a GBX 180 ($2.35) price target on shares of Man Group Plc in a research report on Monday, April 11th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 144.93 ($1.89).
Man Group Plc (LON:EMG) traded down 2.0725% during mid-day trading on Tuesday, hitting GBX 114.9479. The company had a trading volume of 7,053,328 shares. Man Group Plc has a 12-month low of GBX 102.50 and a 12-month high of GBX 176.70. The firm’s market capitalization is GBX 1.93 billion. The company’s 50 day moving average price is GBX 113.72 and its 200-day moving average price is GBX 126.60.
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Man Group Plc Company Profile
Man Group plc is the holding company for the Man group of companies and affiliated entities (the Group). The Company operates in the alternative investment management sector. The Company has a geographically diverse investor base. It distributes to private investors through a network of over 4,000 intermediaries, and manages its institutional relationships directly.
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