Man Group Plc (EMG) Receives Average Recommendation of “Buy” from Brokerages
Shares of Man Group Plc (LON:EMG) have earned a consensus rating of “Buy” from the fifteen analysts that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 156.46 ($1.98).
Several equities analysts have weighed in on EMG shares. Liberum Capital raised their target price on Man Group Plc from GBX 148 ($1.87) to GBX 177 ($2.24) and gave the company a “buy” rating in a report on Wednesday, May 10th. Macquarie restated a “neutral” rating and set a GBX 151 ($1.91) target price on shares of Man Group Plc in a report on Tuesday, May 2nd. Credit Suisse Group restated an “outperform” rating and set a GBX 195 ($2.47) target price on shares of Man Group Plc in a report on Tuesday, May 2nd. J P Morgan Chase & Co raised their target price on Man Group Plc from GBX 170 ($2.15) to GBX 175 ($2.21) and gave the company an “overweight” rating in a report on Friday, April 28th. Finally, Shore Capital restated a “buy” rating on shares of Man Group Plc in a report on Monday, March 13th.
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Shares of Man Group Plc (LON:EMG) opened at 150.90 on Monday. The firm’s 50-day moving average price is GBX 156.06 and its 200 day moving average price is GBX 139.81. The firm’s market capitalization is GBX 2.51 billion. Man Group Plc has a 52 week low of GBX 102.50 and a 52 week high of GBX 164.10.
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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