Numis Securities Ltd Reaffirms Hold Rating for Man Group Plc (EMG)
Man Group Plc (LON:EMG)‘s stock had its “hold” rating reiterated by equities research analysts at Numis Securities Ltd in a research note issued on Friday. They presently have a GBX 155 ($2.04) price target on the investment management company’s stock. Numis Securities Ltd’s target price would indicate a potential downside of 13.89% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) increased their target price on shares of Man Group Plc from GBX 170 ($2.24) to GBX 175 ($2.30) and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Liberum Capital reiterated a “buy” rating and set a GBX 177 ($2.33) 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 research report on Tuesday, August 1st. Barclays PLC reissued an “equal weight” rating and set a GBX 170 ($2.24) price target on shares of Man Group Plc in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC lowered shares of Man Group Plc to a “hold” rating and decreased their price target for the company from GBX 169 ($2.22) to GBX 164 ($2.16) in a research report on Tuesday, July 11th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 168 ($2.21).
Shares of Man Group Plc (LON:EMG) opened at 186.20 on Friday. Man Group Plc has a 52-week low of GBX 108.30 and a 52-week high of GBX 188.40. The stock has a 50 day moving average of GBX 167.80 and a 200 day moving average of GBX 158.36. The stock’s market capitalization is GBX 3.07 billion.
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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