Man Group Plc (EMG) Receives Consensus Recommendation of “Hold” from Brokerages
Man Group Plc (LON:EMG) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 162.18 ($2.10).
Several equities research analysts recently issued reports on EMG shares. Goldman Sachs Group, Inc. (The) increased their target price on shares of Man Group Plc from GBX 170 ($2.20) to GBX 175 ($2.26) and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Liberum Capital reissued a “buy” rating and issued a GBX 177 ($2.29) target price on shares of Man Group Plc in a report on Tuesday, August 1st. Shore Capital reissued a “buy” rating on shares of Man Group Plc in a report on Tuesday, August 1st. Barclays PLC reissued an “equal weight” rating and issued a GBX 170 ($2.20) target price on shares of Man Group Plc in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC lowered shares of Man Group Plc to a “hold” rating and reduced their target price for the stock from GBX 169 ($2.19) to GBX 164 ($2.12) in a report on Tuesday, July 11th.
Shares of Man Group Plc (EMG) opened at 168.80 on Friday. The company has a 50 day moving average of GBX 162.18 and a 200-day moving average of GBX 153.47. Man Group Plc has a one year low of GBX 108.00 and a one year high of GBX 170.70. The firm’s market cap is GBX 2.78 billion.
The company also recently announced a dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Thursday, August 17th will be given a dividend of GBX 3.79 ($0.05) per share. This is an increase from Man Group Plc’s previous dividend of $3.62. This represents a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, August 17th.
Man Group Plc Company Profile
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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