Man Group Plc’s (EMG) Buy Rating Reiterated at Citigroup Inc.
Man Group Plc (LON:EMG)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc. in a research report issued to clients and investors on Monday. They presently have a GBX 145 ($1.79) price target on the investment management company’s stock. Citigroup Inc.’s price target points to a potential upside of 17.22% from the stock’s previous close.
Several other equities analysts have also commented on EMG. BNP Paribas restated an “outperform” rating and set a GBX 140 ($1.73) price target on shares of Man Group Plc in a research report on Monday, June 27th. JPMorgan Chase & Co. lowered their price target on shares of Man Group Plc from GBX 170 ($2.10) to GBX 125 ($1.55) and set a “neutral” rating for the company in a research report on Wednesday, June 29th. Barclays PLC lowered their price target on shares of Man Group Plc from GBX 145 ($1.79) to GBX 130 ($1.61) and set an “equal weight” rating for the company in a research report on Thursday, June 30th. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a GBX 155 ($1.92) price target on shares of Man Group Plc in a research report on Monday, July 4th. Finally, Jefferies Group lowered their price target on shares of Man Group Plc from GBX 180 ($2.23) to GBX 141 ($1.75) and set a “buy” rating for the company in a research report on Tuesday, July 5th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 142.25 ($1.76).
Man Group Plc (LON:EMG) opened at 123.80 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 50-day moving average is GBX 114.11 and its 200-day moving average is GBX 125.48. The firm’s market cap is GBX 2.08 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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