Man Group Plc (EMG) Downgraded by Macquarie
Man Group Plc (LON:EMG) was downgraded by equities research analysts at Macquarie to a “neutral” rating in a report released on Monday. They currently have a GBX 147 ($1.82) price target on the investment management company’s stock, down from their prior price target of GBX 176 ($2.18). Macquarie’s price objective points to a potential upside of 18.84% from the company’s previous close.
A number of other equities research analysts have also recently commented on EMG. BNP Paribas reissued an “outperform” rating and issued a GBX 140 ($1.73) target price on shares of Man Group Plc in a research note on Monday, June 27th. JPMorgan Chase & Co. cut their target price on Man Group Plc from GBX 170 ($2.10) to GBX 125 ($1.55) and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Barclays PLC cut their target price on Man Group Plc from GBX 145 ($1.79) to GBX 130 ($1.61) and set an “equal weight” rating on the stock in a research note on Thursday, June 30th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating and issued a GBX 155 ($1.92) target price on shares of Man Group Plc in a research note on Monday, July 4th. Finally, Jefferies Group dropped their price objective on Man Group Plc from GBX 180 ($2.23) to GBX 141 ($1.75) and set a “buy” rating on the stock in a research report on Tuesday, July 5th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Man Group Plc has an average rating of “Buy” and a consensus target price of GBX 141.58 ($1.75).
Man Group Plc (LON:EMG) opened at 124.50 on Monday. The firm’s 50-day moving average price is GBX 114.11 and its 200-day moving average price is GBX 125.48. Man Group Plc has a 12-month low of GBX 102.50 and a 12-month high of GBX 176.70. The stock’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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