Man Group Plc (EMG) Given New GBX 150 Price Target at BNP Paribas
Man Group Plc (LON:EMG) had its price objective hoisted by analysts at BNP Paribas from GBX 135 ($1.67) to GBX 150 ($1.86) in a note issued to investors on Monday. The firm presently has an “outperform” rating on the investment management company’s stock. BNP Paribas’ price objective would indicate a potential upside of 21.26% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Barclays PLC dropped 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 report on Thursday, June 30th. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 148 ($1.83) target price on shares of Man Group Plc in a report on Tuesday, July 12th. Liberum Capital reissued 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. Jefferies Group dropped their target price on Man Group Plc from GBX 180 ($2.23) to GBX 141 ($1.75) and set a “buy” rating on the stock in a report on Tuesday, July 5th. Finally, Beaufort Securities reissued a “hold” rating on shares of Man Group Plc in a report on Wednesday, July 27th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus 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. Man Group Plc has a one year low of GBX 102.50 and a one year high of GBX 176.70. The stock has a 50 day moving average price of GBX 114.11 and a 200 day moving average price of GBX 125.48. The firm’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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