Man Group PLC (MNGPY) Downgraded by Royal Bank Of Canada
Royal Bank Of Canada cut shares of Man Group PLC (OTCMKTS:MNGPY) from an outperform rating to a sector perform rating in a research note released on Thursday morning, The Fly reports.
MNGPY has been the subject of a number of other reports. ValuEngine upgraded Man Group PLC from a hold rating to a buy rating in a research report on Tuesday, June 27th. Zacks Investment Research cut Man Group PLC from a hold rating to a sell rating in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $2.00.
Shares of Man Group PLC (OTCMKTS MNGPY) opened at 2.17 on Thursday. Man Group PLC has a 52 week low of $1.34 and a 52 week high of $2.18. The stock’s market cap is $3.58 billion. The stock’s 50 day moving average price is $2.13 and its 200 day moving average price is $1.95.
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The company also recently announced a None dividend, which was paid on Friday, September 22nd. Investors of record on Friday, August 18th were issued a dividend of $0.044 per share. This is a positive change from Man Group PLC’s previous None dividend of $0.04. The ex-dividend date was Wednesday, August 16th.
About Man Group PLC
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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