Man Group Plc (EMG) Receives Average Rating of “Hold” from Analysts
Man Group Plc (LON:EMG) has earned an average rating of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 177.08 ($2.38).
A number of analysts have recently weighed in on the company. J P Morgan Chase & Co raised their price objective on Man Group from GBX 190 ($2.56) to GBX 210 ($2.83) and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 195 ($2.62) price objective on shares of Man Group in a research report on Tuesday, September 12th. Macquarie reissued a “neutral” rating and issued a GBX 163 ($2.19) price objective on shares of Man Group in a research report on Tuesday, August 29th. Numis Securities reissued a “hold” rating and issued a GBX 155 ($2.09) price objective on shares of Man Group in a research report on Friday, October 13th. Finally, Jefferies Group raised their price objective on Man Group from GBX 164 ($2.21) to GBX 192 ($2.58) and gave the stock a “hold” rating in a research report on Wednesday, October 18th.
Man Group (LON EMG) opened at GBX 199.39 ($2.68) on Monday. Man Group has a fifty-two week low of GBX 113.30 ($1.52) and a fifty-two week high of GBX 200.60 ($2.70).
About Man Group
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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