Man Group Plc (EMG) Receives Average Recommendation of “Buy” from Brokerages
Man Group Plc (LON:EMG) has been assigned an average rating of “Buy” from the fifteen analysts that are presently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 158.77 ($2.06).
Several equities analysts have recently weighed in on EMG shares. Jefferies Group LLC increased their price target on Man Group Plc from GBX 167 ($2.16) to GBX 169 ($2.19) and gave the company a “buy” rating in a report on Monday, April 10th. J P Morgan Chase & Co raised their target price on Man Group Plc from GBX 175 ($2.27) to GBX 180 ($2.33) and gave the stock an “overweight” rating in a report on Thursday, July 6th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 195 ($2.53) target price on shares of Man Group Plc in a report on Tuesday, May 2nd. Macquarie reaffirmed a “neutral” rating and issued a GBX 151 ($1.96) target price on shares of Man Group Plc in a report on Tuesday, May 2nd. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 135 ($1.75) target price on shares of Man Group Plc in a report on Thursday, April 20th.
Shares of Man Group Plc (LON:EMG) opened at 152.50 on Friday. Man Group Plc has a one year low of GBX 108.00 and a one year high of GBX 164.10. The company’s market capitalization is GBX 2.53 billion. The company’s 50-day moving average price is GBX 155.88 and its 200-day moving average price is GBX 142.61.
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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