BNP Paribas Increases Man Group Plc (EMG) Price Target to GBX 135
Man Group Plc (LON:EMG) had its price objective raised by research analysts at BNP Paribas from GBX 130 ($1.61) to GBX 135 ($1.67) in a research note issued on Tuesday. The brokerage currently has an “outperform” rating on the investment management company’s stock. BNP Paribas’ target price points to a potential upside of 18.73% from the stock’s current price.
Several other research firms have also recently weighed in on EMG. Royal Bank Of Canada upgraded Man Group Plc to an “outperform” rating and set a GBX 140 ($1.73) price target for the company in a report on Friday, July 22nd. Barclays PLC reiterated an “equal weight” rating and issued a GBX 130 ($1.61) target price on shares of Man Group Plc in a report on Thursday, July 21st. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 148 ($1.83) target price on shares of Man Group Plc in a report on Tuesday, July 26th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 110 ($1.36) target price on shares of Man Group Plc in a report on Tuesday, July 26th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 125 ($1.55) target price on shares of Man Group Plc in a report on Tuesday, July 26th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 145.29 ($1.80).
Shares of Man Group Plc (LON:EMG) traded up 0.47% during midday trading on Tuesday, reaching GBX 114.24. The company had a trading volume of 2,444,756 shares. The stock’s market capitalization is GBX 1.92 billion. The firm’s 50 day moving average price is GBX 113.80 and its 200-day moving average price is GBX 125.96. Man Group Plc has a 1-year low of GBX 102.50 and a 1-year high of GBX 176.70.
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About Man Group Plc
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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