Man Group Plc (EMG) Given Average Recommendation of “Hold” by Brokerages
Man Group Plc (LON:EMG) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 175.54 ($2.33).
EMG has been the subject of a number of analyst reports. Barclays PLC reissued an “equal weight” rating and issued a GBX 165 ($2.19) price objective on shares of Man Group Plc in a research report on Tuesday, June 27th. J P Morgan Chase & Co boosted their price objective on shares of Man Group Plc from GBX 175 ($2.33) to GBX 180 ($2.39) and gave the company an “overweight” rating in a research report on Thursday, July 6th. Jefferies Group LLC lowered shares of Man Group Plc to a “hold” rating and cut their price objective for the company from GBX 169 ($2.25) to GBX 164 ($2.18) in a research report on Tuesday, July 11th. BNP Paribas reissued a “neutral” rating and issued a GBX 160 ($2.13) price objective on shares of Man Group Plc in a research report on Tuesday, July 18th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Man Group Plc in a research report on Friday, July 21st.
Shares of Man Group Plc (LON:EMG) opened at 191.10 on Friday. The stock’s market cap is GBX 3.15 billion. The stock has a 50 day moving average of GBX 171.33 and a 200 day moving average of GBX 160.09. Man Group Plc has a 1-year low of GBX 111.90 and a 1-year high of GBX 191.40.
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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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