Man Group Plc (LON:EMG) had its price target cut by Goldman Sachs Group Inc. from GBX 155 ($2.02) to GBX 146 ($1.91) in a research note released on Tuesday morning. They currently have a buy rating on the investment management company’s stock.
A number of other equities analysts also recently issued reports on the company. Credit Suisse Group AG reiterated an outperform rating and set a GBX 148 ($1.93) price target on shares of Man Group Plc in a research note on Tuesday, July 26th. Citigroup Inc. upgraded Man Group Plc to a buy rating and set a GBX 137 ($1.79) price target for the company in a research note on Monday, September 12th. Jefferies Group cut their price target on Man Group Plc from GBX 180 ($2.35) to GBX 141 ($1.84) and set a buy rating for the company in a research note on Tuesday, July 5th. Royal Bank Of Canada upgraded Man Group Plc to an outperform rating and set a GBX 140 ($1.83) price target for the company in a research note on Friday, July 22nd. Finally, Numis Securities Ltd reissued a hold rating and set a GBX 110 ($1.44) target price on shares of Man Group Plc in a research report on Tuesday, July 26th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 148.67 ($1.94).
Shares of Man Group Plc (LON:EMG) opened at 112.5968 on Tuesday. The company’s market capitalization is GBX 1.89 billion. Man Group Plc has a one year low of GBX 102.50 and a one year high of GBX 176.70. The stock has a 50 day moving average price of GBX 113.55 and a 200-day moving average price of GBX 127.83.
About Man Group Plc
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.
Receive News & Ratings for Man Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Man Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.