Man Group Plc (EMG) Given Neutral Rating at Macquarie
Man Group Plc (LON:EMG)‘s stock had its “neutral” rating reissued by Macquarie in a research note issued on Friday. They currently have a GBX 147 ($1.92) target price on the investment management company’s stock. Macquarie’s target price would indicate a potential upside of 26.94% from the company’s previous close.
A number of other research firms have also commented on EMG. Royal Bank Of Canada upgraded shares of Man Group Plc to an “outperform” rating and set a GBX 140 ($1.83) price target for the company in a report on Friday, July 22nd. Barclays PLC restated an “equal weight” rating and issued a GBX 130 ($1.70) price objective on shares of Man Group Plc in a report on Thursday, July 21st. Numis Securities Ltd restated a “hold” rating and issued a GBX 110 ($1.44) price objective on shares of Man Group Plc in a report on Tuesday, July 26th. Liberum Capital restated a “buy” rating and issued a GBX 125 ($1.63) price objective on shares of Man Group Plc in a report on Tuesday, July 26th. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a GBX 148 ($1.93) price objective on shares of Man Group Plc in a report on Tuesday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 144.93 ($1.89).
Man Group Plc (LON:EMG) traded down 2.07% on Friday, reaching GBX 113.40. 7,053,328 shares of the company traded hands. The stock’s 50 day moving average price is GBX 113.84 and its 200 day moving average price is GBX 126.72. The company’s market capitalization is GBX 1.91 billion. Man Group Plc has a one year low of GBX 102.50 and a one year high of GBX 176.70.
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.
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