Man Group PLC (OTCMKTS:MNGPY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “Man Group plc is in alternative investment management business. It provides investment management services to private investors, institutions and financial professionals. Its key areas of business include people, information technology and risk management. The Company’s investment management expertise extends from single managers such as Man AHL to fund of funds managers such as Man multi-manager. Its products include UCITS III compliant products, open-ended products, capital protection or income products, convertible bonds, advisory solutions and managed accounts. Man Group plc is headquartered in London, the United Kingdom. “

Separately, ValuEngine raised Man Group PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $2.00.

Man Group PLC (OTCMKTS MNGPY) remained flat at $1.96 on Wednesday. The stock’s market capitalization is $3.25 billion. The stock has a 50 day moving average of $1.95 and a 200-day moving average of $1.74. Man Group PLC has a one year low of $1.34 and a one year high of $2.08.

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