J P Morgan Chase & Co Boosts Man Group (EMG) Price Target to GBX 215
Man Group (LON:EMG) had its price target upped by stock analysts at J P Morgan Chase & Co from GBX 210 ($2.83) to GBX 215 ($2.89) in a research report issued on Wednesday. The brokerage presently has an “overweight” rating on the investment management company’s stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 6.49% from the company’s current price.
Several other research analysts have also weighed in on EMG. Macquarie restated a “neutral” rating and set a GBX 193 ($2.60) target price on shares of Man Group in a research report on Wednesday, October 18th. Shore Capital restated a “buy” rating on shares of Man Group in a research report on Tuesday, August 15th. Royal Bank of Canada lowered shares of Man Group to a “sector perform” rating and set a GBX 175 ($2.36) target price on the stock. in a research report on Thursday, September 28th. Societe Generale restated a “buy” rating and set a GBX 200 ($2.69) target price on shares of Man Group in a research report on Monday, October 16th. Finally, Jefferies Group upped their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 177.46 ($2.39).
Man Group (LON:EMG) opened at GBX 201.90 ($2.72) on Wednesday. Man Group has a 1-year low of GBX 113.70 ($1.53) and a 1-year high of GBX 203.20 ($2.73).
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.
Receive News & Ratings for Man Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Man Group and related companies with MarketBeat.com's FREE daily email newsletter.