Man Group Plc (EMG) Given “Hold” Rating at Numis Securities Ltd
Man Group Plc (LON:EMG)‘s stock had its “hold” rating reissued by investment analysts at Numis Securities Ltd in a research note issued to investors on Friday. They presently have a GBX 115 ($1.42) target price on the investment management company’s stock. Numis Securities Ltd’s price target would indicate a potential upside of 5.80% from the company’s previous close.
EMG has been the topic of several other reports. Shore Capital reaffirmed a “buy” rating on shares of Man Group Plc in a report on Friday, September 2nd. Citigroup Inc. upgraded Man Group Plc to a “buy” rating and set a GBX 137 ($1.70) price target on the stock in a report on Monday, September 12th. BNP Paribas increased their price target on Man Group Plc from GBX 130 ($1.61) to GBX 135 ($1.67) and gave the company an “outperform” rating in a report on Tuesday. Goldman Sachs Group Inc. decreased their price target on Man Group Plc from GBX 155 ($1.92) to GBX 146 ($1.81) and set a “buy” rating on the stock in a report on Tuesday, September 27th. Finally, JPMorgan Chase & Co. upgraded Man Group Plc to an “overweight” rating and increased their price target for the company from GBX 120 ($1.49) to GBX 140 ($1.73) in a report on Tuesday, September 13th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 145.29 ($1.80).
Shares of Man Group Plc (LON:EMG) opened at 124.09 on Friday. The company has a 50-day moving average of GBX 113.89 and a 200 day moving average of GBX 125.61. Man Group Plc has a 12-month low of GBX 102.50 and a 12-month high of GBX 176.70. The company’s market cap is GBX 2.09 billion.
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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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