Man Group (OTCMKTS:MNGPF) Downgraded to “Neutral” at BNP Paribas

BNP Paribas downgraded shares of Man Group (OTCMKTS:MNGPF – Get Rating) from an outperform rating to a neutral rating in a research note released on Thursday, Briefing.com reports.

A number of other research firms have also commented on MNGPF. UBS Group lowered Man Group from a buy rating to a neutral rating in a research report on Friday, November 25th. Morgan Stanley lifted their target price on Man Group from GBX 321 ($3.91) to GBX 360 ($4.39) in a research report on Wednesday, March 8th. Finally, Credit Suisse Group lifted their target price on Man Group from GBX 265 ($3.23) to GBX 310 ($3.78) in a research report on Thursday, March 2nd.

Man Group Price Performance

OTCMKTS MNGPF opened at $3.42 on Thursday. The stock’s 50-day moving average is $3.03 and its 200-day moving average is $2.79. Man Group has a one year low of $2.31 and a one year high of $3.42.

Man Group Company Profile

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Man Group Plc operates as a holding company. It provides investment management services. The company was founded in 1783 and is headquartered in St. Helier, Jersey.