Man Group Plc (EMG) Receives Overweight Rating from JPMorgan Chase & Co.
Man Group Plc (LON:EMG)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Monday. They currently have a GBX 140 ($1.73) price objective on the investment management company’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 13.18% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Credit Suisse Group AG restated an “outperform” rating and set a GBX 148 ($1.83) price objective on shares of Man Group Plc in a research note on Tuesday, July 26th. Citigroup Inc. upgraded Man Group Plc to a “buy” rating and set a GBX 137 ($1.70) price objective on the stock in a research note on Monday, September 12th. Goldman Sachs Group Inc. dropped their price objective on Man Group Plc from GBX 155 ($1.92) to GBX 146 ($1.81) and set a “buy” rating on the stock in a research note on Tuesday, September 27th. 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 note on Tuesday, July 5th. Finally, Liberum Capital restated a “buy” rating and set a GBX 125 ($1.55) price objective on shares of Man Group Plc in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 141.58 ($1.75).
Man Group Plc (LON:EMG) opened at 124.50 on Monday. Man Group Plc has a 1-year low of GBX 102.50 and a 1-year high of GBX 176.70. The company has a 50 day moving average of GBX 114.11 and a 200 day moving average of GBX 125.48. The firm’s market capitalization is GBX 2.09 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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