Man Group PLC (MNGPY) Upgraded at Zacks Investment Research
Man Group PLC (OTCMKTS:MNGPY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $2.75 target price on the financial services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 14.58% from the company’s previous close.
According to Zacks, “Man Group plc is in alternative investment management business. It provides investment management services to private investors, institutions and financial professionals. Its key areas of business include people, information technology and risk management. The Company’s investment management expertise extends from single managers such as Man AHL to fund of funds managers such as Man multi-manager. Its products include UCITS III compliant products, open-ended products, capital protection or income products, convertible bonds, advisory solutions and managed accounts. Man Group plc is headquartered in London, the United Kingdom. “
Several other analysts have also weighed in on MNGPY. ValuEngine upgraded shares of Man Group PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada lowered shares of Man Group PLC from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 28th.
Man Group PLC (OTCMKTS:MNGPY) traded down 4.76% during midday trading on Friday, reaching $2.40. 300 shares of the company traded hands. The firm’s market capitalization is $3.96 billion. The firm’s 50 day moving average price is $2.23 and its 200 day moving average price is $2.04. Man Group PLC has a 12 month low of $1.36 and a 12 month high of $2.52.
WARNING: This news story was published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/21/man-group-plc-mngpy-upgraded-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Man Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Man Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.