Man Group Plc (EMG) Receives Average Recommendation of “Hold” from Brokerages
Shares of Man Group Plc (LON:EMG) have been assigned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 177.46 ($2.37).
Several research firms have recently weighed in on EMG. Royal Bank of Canada cut Man Group to a “sector perform” rating and set a GBX 175 ($2.34) price target for the company. in a research note on Thursday, September 28th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 190 ($2.54) price target on shares of Man Group in a research note on Monday, October 16th. Jefferies Group boosted their price target on Man Group from GBX 164 ($2.19) to GBX 192 ($2.57) and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Shore Capital restated a “buy” rating on shares of Man Group in a research note on Friday, October 13th. Finally, Societe Generale restated a “buy” rating and issued a GBX 200 ($2.67) price target on shares of Man Group in a research note on Monday, October 16th.
Man Group (LON EMG) opened at GBX 210.40 ($2.81) on Friday. Man Group has a one year low of GBX 118.20 ($1.58) and a one year high of GBX 211.10 ($2.82).
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Man Group 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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