Man Group Plc’s (EMG) Buy Rating Reaffirmed at Liberum Capital
Man Group Plc (LON:EMG)‘s stock had its “buy” rating reiterated by equities research analysts at Liberum Capital in a report released on Friday. They currently have a GBX 125 ($1.55) price target on the investment management company’s stock. Liberum Capital’s price target points to a potential upside of 15.00% from the company’s previous close.
A number of other brokerages have also recently issued reports on EMG. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 148 ($1.83) price objective on shares of Man Group Plc in a research note on Tuesday, July 12th. Barclays PLC dropped their target price on shares of Man Group Plc from GBX 145 ($1.79) to GBX 130 ($1.61) and set an “equal weight” rating for the company in a research report on Thursday, June 30th. Jefferies Group dropped their target price on shares of Man Group Plc from GBX 180 ($2.23) to GBX 141 ($1.75) and set a “buy” rating for the company in a research report on Tuesday, July 5th. Beaufort Securities restated a “hold” rating on shares of Man Group Plc in a research report on Wednesday, July 27th. Finally, Numis Securities Ltd upped their target price on shares of Man Group Plc from GBX 110 ($1.36) to GBX 115 ($1.42) and gave the stock a “hold” rating in a research report on Monday, August 1st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 145.29 ($1.80).
Man Group Plc (LON:EMG) opened at 123.30 on Friday. The stock’s market cap is GBX 2.07 billion. Man Group Plc has a 52-week low of GBX 102.50 and a 52-week high of GBX 176.70. The firm has a 50 day moving average of GBX 113.89 and a 200-day moving average of GBX 125.61.
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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