Man Group Plc (LON:EMG)‘s stock had its “hold” rating restated by equities researchers at Numis Securities Ltd in a report released on Wednesday. They presently have a GBX 115 ($1.50) price target on the investment management company’s stock. Numis Securities Ltd’s price target would indicate a potential downside of 2.46% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Liberum Capital reaffirmed a “buy” rating and issued a GBX 125 ($1.63) price target on shares of Man Group Plc in a report on Tuesday, July 26th. Shore Capital reaffirmed a “buy” rating on shares of Man Group Plc in a report on Wednesday, July 20th. Jefferies Group lowered their price objective 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 report on Tuesday, July 5th. Citigroup Inc. upgraded Man Group Plc to a “buy” rating and set a GBX 137 ($1.79) price objective for the company in a research report on Monday, September 12th. Finally, Goldman Sachs Group Inc. lowered their price objective on Man Group Plc from GBX 155 ($2.02) to GBX 146 ($1.91) and set a “buy” rating for the company in a research report on Tuesday, September 27th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned 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).
Man Group Plc (LON:EMG) opened at 117.20 on Wednesday. Man Group Plc has a 52-week low of GBX 102.50 and a 52-week high of GBX 176.70. The stock has a 50 day moving average price of GBX 113.74 and a 200 day moving average price of GBX 127.12. The company’s market capitalization is GBX 1.97 billion.
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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