Man Group Plc (LON:EMG) had its target price boosted by investment analysts at Societe Generale from GBX 145 ($1.77) to GBX 155 ($1.89) in a research note issued on Monday. The brokerage presently has a “buy” rating on the investment management company’s stock. Societe Generale’s price target suggests a potential upside of 24.00% from the company’s previous close.
A number of other equities research analysts have also commented on the company. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 148 ($1.80) price target on shares of Man Group Plc in a research report on Tuesday, July 26th. Citigroup Inc. upgraded Man Group Plc to a “buy” rating and set a GBX 137 ($1.67) price objective for the company in a research note on Monday, September 12th. Goldman Sachs Group Inc. reduced their price objective on Man Group Plc from GBX 155 ($1.89) to GBX 146 ($1.78) and set a “buy” rating for the company in a research note on Tuesday, September 27th. Jefferies Group reduced their price objective on Man Group Plc from GBX 180 ($2.19) to GBX 141 ($1.72) and set a “buy” rating for the company in a research note on Tuesday, July 5th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 125 ($1.52) price objective on shares of Man Group Plc in a research note on Friday, October 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Man Group Plc presently has an average rating of “Buy” and a consensus target price of GBX 140.17 ($1.71).
Man Group Plc (LON:EMG) opened at 122.20 on Monday. The firm’s market cap is GBX 2.05 billion. Man Group Plc has a 1-year low of GBX 102.50 and a 1-year high of GBX 176.70. The company has a 50-day moving average price of GBX 114.88 and a 200-day moving average price of GBX 124.70.
Man Group Plc Company Profile
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.
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