Citigroup Forecasts Strong Price Appreciation for Man Group (LON:EMG) Stock

Man Group (LON:EMG) had its price target increased by stock analysts at Citigroup from GBX 190 to GBX 275 in a research report issued on Tuesday, MarketBeat reports. The brokerage currently has a “neutral” rating on the investment management company’s stock. Citigroup’s target price would indicate a potential upside of 6.18% from the stock’s current price.

Several other brokerages have also commented on EMG. Deutsche Bank Aktiengesellschaft upped their target price on Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. increased their price target on Man Group from GBX 188 to GBX 209 and gave the stock a “neutral” rating in a report on Friday, November 14th. Finally, Jefferies Financial Group raised their price objective on shares of Man Group from GBX 240 to GBX 280 and gave the stock a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Man Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 253.50.

Man Group Stock Performance

Shares of EMG opened at GBX 259 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The firm’s fifty day simple moving average is GBX 225.37 and its two-hundred day simple moving average is GBX 195.27. Man Group has a 12 month low of GBX 150.40 and a 12 month high of GBX 272.20. The stock has a market capitalization of £2.89 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

Man Group Company Profile

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers’ capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.