Man Group Plc (EMG) Given New GBX 155 Price Target at Societe Generale
Man Group Plc (LON:EMG) had its price objective lifted by analysts at Societe Generale from GBX 145 ($1.77) to GBX 155 ($1.89) in a research note issued to investors on Monday. The firm presently has a “buy” rating on the investment management company’s stock. Societe Generale’s target price would indicate a potential upside of 26.02% from the stock’s current price.
Other analysts have also issued research reports about the company. Liberum Capital restated a “buy” rating and issued a GBX 125 ($1.52) price objective on shares of Man Group Plc in a report on Tuesday, July 26th. Shore Capital restated a “buy” rating on shares of Man Group Plc in a report on Wednesday, July 20th. Jefferies Group cut their price objective on Man Group Plc from GBX 180 ($2.19) to GBX 141 ($1.72) and set a “buy” rating for the company in a report on Tuesday, July 5th. Citigroup Inc. raised Man Group Plc to a “buy” rating and set a GBX 137 ($1.67) target price for the company in a report on Monday, September 12th. Finally, Goldman Sachs Group Inc. reduced their target price on Man Group Plc from GBX 155 ($1.89) to GBX 146 ($1.78) and set a “buy” rating for the company in a report on Tuesday, September 27th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 140.17 ($1.71).
Man Group Plc (LON:EMG) traded down 0.57% during trading on Monday, hitting GBX 123.00. The stock had a trading volume of 7,627,625 shares. The company has a 50 day moving average of GBX 114.59 and a 200-day moving average of GBX 124.89. 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 2.07 billion.
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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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