Man Group Plc (EMG) Upgraded at JPMorgan Chase & Co.
JPMorgan Chase & Co. upgraded shares of Man Group Plc (LON:EMG) to an overweight rating in a research report sent to investors on Tuesday morning. The firm currently has GBX 140 ($1.86) price target on the investment management company’s stock, up from their prior price target of GBX 120 ($1.60).
Other equities research analysts also recently issued research reports about the company. Shore Capital reissued a buy rating on shares of Man Group Plc in a report on Wednesday, July 20th. Liberum Capital reissued a buy rating and set a GBX 125 ($1.66) target price on shares of Man Group Plc in a report on Wednesday, July 20th. Jefferies Group dropped their target price on Man Group Plc from GBX 180 ($2.40) to GBX 141 ($1.88) and set a buy rating for the company in a report on Tuesday, July 5th. Citigroup Inc. raised Man Group Plc to a buy rating and set a GBX 137 ($1.82) target price for the company in a report on Monday, September 12th. Finally, Goldman Sachs Group Inc. reissued a conviction-buy rating and set a GBX 200 ($2.66) target price on shares of Man Group Plc in a report on Wednesday, June 1st. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of GBX 149.27 ($1.99).
Man Group Plc (LON:EMG) opened at 114.60 on Tuesday. Man Group Plc has a 52-week low of GBX 102.50 and a 52-week high of GBX 176.70. The firm’s 50-day moving average is GBX 113.86 and its 200-day moving average is GBX 130.61. The firm’s market capitalization is GBX 1.93 billion.
The business also recently disclosed a dividend, which was paid on Wednesday, August 31st. Investors of record on Thursday, August 11th were paid a GBX 3.43 ($0.05) dividend. This is a positive change from Man Group Plc’s previous dividend of $3.40. This represents a dividend yield of 3.04%. The ex-dividend date of this dividend was Thursday, August 11th.
Man Group Plc Company Profile
Man Group plc is the holding company for the Man group of companies and affiliated entities (the Group). The Company operates in the alternative investment management sector. The Company has a geographically diverse investor base. It distributes to private investors through a network of over 4,000 intermediaries, and manages its institutional relationships directly.
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