Credit Suisse Group Reiterates Outperform Rating for Man Group Plc (EMG)
Man Group Plc (LON:EMG)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse Group in a report issued on Friday. They currently have a GBX 195 ($2.56) target price on the investment management company’s stock. Credit Suisse Group’s target price suggests a potential upside of 8.33% from the stock’s current price.
Several other equities research analysts also recently issued reports on the company. Macquarie reiterated a “neutral” rating and issued a GBX 163 ($2.14) price objective on shares of Man Group Plc in a report on Tuesday, August 29th. J P Morgan Chase & Co boosted their price objective on Man Group Plc from GBX 175 ($2.30) to GBX 180 ($2.37) and gave the company an “overweight” rating in a report on Thursday, July 6th. Jefferies Group LLC downgraded Man Group Plc to a “hold” rating and cut their price objective for the company from GBX 169 ($2.22) to GBX 164 ($2.16) in a report on Tuesday, July 11th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 165 ($2.17) price objective on shares of Man Group Plc in a report on Tuesday, June 27th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 177 ($2.33) price objective on shares of Man Group Plc in a report on Tuesday, August 1st. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 168 ($2.21).
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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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