Man Group Plc (EMG) Receives Equal weight Rating from Barclays PLC
Man Group Plc (LON:EMG)‘s stock had its “equal weight” rating restated by equities researchers at Barclays PLC in a report issued on Monday. They presently have a GBX 130 ($1.61) price target on the investment management company’s stock. Barclays PLC’s price objective points to a potential upside of 5.09% from the company’s current price.
Several other analysts have also issued reports on the stock. Macquarie lowered shares of Man Group Plc to a “neutral” rating and dropped their price target for the stock from GBX 176 ($2.18) to GBX 147 ($1.82) in a research report on Monday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 140 ($1.73) price target on shares of Man Group Plc in a research report on Monday. BNP Paribas upped their price target on shares of Man Group Plc from GBX 135 ($1.67) to GBX 150 ($1.86) and gave the stock an “outperform” rating in a research report on Monday. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 115 ($1.42) price target on shares of Man Group Plc in a research report on Friday. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 125 ($1.55) price target on shares of Man Group Plc in a research report on Friday. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 141.58 ($1.75).
Shares of Man Group Plc (LON:EMG) opened at 124.50 on Monday. Man Group Plc has a 12 month low of GBX 102.50 and a 12 month high of GBX 176.70. The firm’s market capitalization is GBX 2.09 billion. The stock’s 50 day moving average is GBX 114.11 and its 200 day moving average is GBX 125.48.
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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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