Man Group Plc (LON:EMG) Receives Consensus Rating of “Hold” from Analysts
Shares of Man Group Plc (LON:EMG) have earned an average rating of “Hold” from the thirteen research firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 161.09 ($2.10).
EMG has been the topic of several analyst reports. Jefferies Group LLC increased their price target on Man Group Plc from GBX 167 ($2.17) to GBX 169 ($2.20) and gave the stock a “buy” rating in a research report on Monday, April 10th. J P Morgan Chase & Co increased their price target on Man Group Plc from GBX 175 ($2.28) to GBX 180 ($2.34) and gave the stock an “overweight” rating in a research report on Thursday, July 6th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 195 ($2.54) price target on shares of Man Group Plc in a research report on Tuesday, May 2nd. Macquarie reaffirmed a “neutral” rating and set a GBX 151 ($1.97) price target on shares of Man Group Plc in a research report on Tuesday, May 2nd. Finally, Citigroup Inc. downgraded Man Group Plc to a “neutral” rating and set a GBX 170 ($2.21) price target on the stock. in a research report on Wednesday, August 2nd.
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Man Group Plc (LON EMG) opened at 167.90 on Tuesday. The stock’s market capitalization is GBX 2.77 billion. Man Group Plc has a 52-week low of GBX 108.00 and a 52-week high of GBX 167.90. The company’s 50-day moving average price is GBX 156.26 and its 200 day moving average price is GBX 149.39.
About Man Group Plc
Man Group plc provides alternative investment management services worldwide. The company offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries.
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