Man Group (LON:EMG) Given New GBX 185 Price Target at UBS Group
Man Group (LON:EMG) had its price objective increased by UBS Group from GBX 170 ($2.22) to GBX 185 ($2.42) in a research note published on Friday morning, ThisIsMoney.Co.Uk reports. UBS Group currently has a buy rating on the investment management company’s stock.
Other equities research analysts also recently issued reports about the stock. Bank of America reaffirmed a neutral rating on shares of Man Group in a research note on Wednesday, May 15th. Goldman Sachs Group downgraded shares of Man Group to a neutral rating and decreased their price target for the company from GBX 205 ($2.68) to GBX 150 ($1.96) in a research note on Monday, May 13th. Credit Suisse Group reaffirmed an outperform rating on shares of Man Group in a research note on Tuesday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of Man Group from GBX 160 ($2.09) to GBX 155 ($2.03) and set a neutral rating for the company in a research report on Friday, April 12th. Finally, Shore Capital reissued a buy rating on shares of Man Group in a research report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 174.63 ($2.28).
Shares of EMG opened at GBX 162.80 ($2.13) on Friday. Man Group has a 1 year low of GBX 124.15 ($1.62) and a 1 year high of GBX 187.40 ($2.45). The company has a quick ratio of 2.92, a current ratio of 3.38 and a debt-to-equity ratio of 9.42. The stock has a market cap of $2.50 billion and a PE ratio of 9.58. The firm has a 50-day moving average of GBX 148.70.
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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