Man Group Plc’s (EMG) “Hold” Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reiterated their hold rating on shares of Man Group Plc (LON:EMG) in a report published on Wednesday. Numis Securities Ltd currently has a GBX 115 ($1.50) price target on the investment management company’s stock.
A number of other analysts have also weighed in on EMG. Barclays PLC reaffirmed an equal weight rating and issued a GBX 145 ($1.89) price target on shares of Man Group Plc in a research note on Tuesday, June 7th. BNP Paribas reissued an outperform rating and set a GBX 140 ($1.83) target price on shares of Man Group Plc in a research note on Monday, June 27th. JPMorgan Chase & Co. cut their target price on shares of Man Group Plc from GBX 170 ($2.22) to GBX 125 ($1.63) and set a neutral rating for the company in a research note on Wednesday, June 29th. Goldman Sachs Group Inc. reissued a conviction-buy rating and set a GBX 155 ($2.02) target price on shares of Man Group Plc in a research note on Monday, July 4th. Finally, Jefferies Group cut their target price on shares of 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. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 147 ($1.92).
Shares of Man Group Plc (LON:EMG) traded down 1.02% during trading on Wednesday, hitting GBX 116.50. 2,031,524 shares of the company’s stock were exchanged. Man Group Plc has a 1-year low of GBX 102.50 and a 1-year high of GBX 176.70. The stock’s 50 day moving average is GBX 113.77 and its 200 day moving average is GBX 126.89. The firm’s market capitalization is GBX 1.96 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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