Man Group Plc’s (EMG) “Neutral” Rating Reiterated at Macquarie
Man Group Plc (LON:EMG)‘s stock had its “neutral” rating restated by Macquarie in a note issued to investors on Tuesday. They currently have a GBX 163 ($2.11) price objective on the investment management company’s stock. Macquarie’s target price would suggest a potential downside of 2.86% from the stock’s previous close.
EMG has been the topic of several other reports. Citigroup Inc. cut shares of Man Group Plc to a “neutral” rating and set a GBX 170 ($2.20) target price on the stock. in a report on Wednesday, August 2nd. Liberum Capital lifted their price objective on shares of Man Group Plc from GBX 148 ($1.91) to GBX 177 ($2.29) and gave the company a “buy” rating in a research note on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) lifted their price objective on shares of Man Group Plc from GBX 170 ($2.20) to GBX 175 ($2.26) and gave the company a “buy” rating in a research note on Wednesday, August 2nd. J P Morgan Chase & Co lifted their price objective on shares of Man Group Plc from GBX 175 ($2.26) to GBX 180 ($2.33) and gave the company an “overweight” rating in a research note on Thursday, July 6th. Finally, Barclays PLC reissued an “equal weight” rating and issued a GBX 165 ($2.13) price objective on shares of Man Group Plc in a research note on Tuesday, June 27th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 164.92 ($2.13).
Man Group Plc (LON:EMG) opened at 167.80 on Tuesday. The firm’s 50-day moving average price is GBX 160.36 and its 200-day moving average price is GBX 152.56. The company’s market cap is GBX 2.77 billion. Man Group Plc has a 12-month low of GBX 108.00 and a 12-month high of GBX 170.70.
Man Group Plc Company Profile
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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