Man Group Plc (EMG) Stock Rating Reaffirmed by Shore Capital
Man Group Plc (LON:EMG)‘s stock had its “buy” rating reaffirmed by research analysts at Shore Capital in a note issued to investors on Tuesday.
Several other research analysts also recently issued reports on the company. J P Morgan Chase & Co upped their price objective on Man Group Plc from GBX 170 ($2.21) to GBX 175 ($2.27) and gave the company an “overweight” rating in a research note on Friday, April 28th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 195 ($2.53) price objective on shares of Man Group Plc in a research note on Wednesday, April 19th. Liberum Capital upped their price objective on Man Group Plc from GBX 148 ($1.92) to GBX 177 ($2.30) and gave the company a “buy” rating in a research note on Wednesday, May 10th. Macquarie reaffirmed a “neutral” rating and issued a GBX 151 ($1.96) price objective on shares of Man Group Plc in a research note on Tuesday, May 2nd. Finally, Jefferies Group LLC downgraded Man Group Plc to a “hold” rating and lowered their price objective for the company from GBX 169 ($2.19) to GBX 164 ($2.13) in a research note on Tuesday, July 11th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 163.92 ($2.13).
Shares of Man Group Plc (LON:EMG) traded up 0.43% on Tuesday, hitting GBX 163.30. 2,360,745 shares of the stock traded hands. Man Group Plc has a 1-year low of GBX 108.00 and a 1-year high of GBX 170.70. The stock has a 50 day moving average of GBX 157.86 and a 200-day moving average of GBX 150.70. The stock’s market cap is GBX 2.69 billion.
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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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