Man Group Plc (EMG) Rating Reiterated by Citigroup Inc.
Man Group Plc (LON:EMG)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc. in a research note issued to investors on Monday. They presently have a GBX 145 ($1.77) price target on the investment management company’s stock. Citigroup Inc.’s target price would suggest a potential upside of 17.89% from the company’s current price.
A number of other analysts have also commented on EMG. Barclays PLC reissued an “equal weight” rating and issued a GBX 130 ($1.58) price objective on shares of Man Group Plc in a research report on Monday. Macquarie lowered shares of Man Group Plc to a “neutral” rating and cut their price objective for the stock from GBX 176 ($2.15) to GBX 147 ($1.79) in a research report on Monday. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 140 ($1.71) price objective on shares of Man Group Plc in a research report on Monday. BNP Paribas boosted their price objective on shares of Man Group Plc from GBX 135 ($1.65) to GBX 150 ($1.83) and gave the stock an “outperform” rating in a research report on Monday. Finally, Numis Securities Ltd reissued a “hold” rating and issued a GBX 115 ($1.40) price objective on shares of Man Group Plc in a research report on Friday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 140.17 ($1.71).
Shares of Man Group Plc (LON:EMG) traded down 0.57% during mid-day trading on Monday, reaching GBX 123.00. 7,627,625 shares of the company’s stock were exchanged. The stock’s 50-day moving average is GBX 114.59 and its 200-day moving average is GBX 124.89. The stock’s market cap is GBX 2.07 billion. Man Group Plc has a 52-week low of GBX 102.50 and a 52-week high of GBX 176.70.
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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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