Man Group Plc (EMG) Downgraded by Macquarie
Man Group Plc (LON:EMG) was downgraded by analysts at Macquarie to a “neutral” rating in a research report issued to clients and investors on Monday. They presently have a GBX 147 ($1.82) target price on the investment management company’s stock, down from their prior target price of GBX 176 ($2.18). Macquarie’s target price suggests a potential upside of 18.84% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Liberum Capital restated a “buy” rating and set a GBX 125 ($1.55) price objective on shares of Man Group Plc in a research note on Tuesday, July 26th. Shore Capital restated a “buy” rating on shares of Man Group Plc in a research note on Wednesday, July 20th. Jefferies Group dropped their price objective on Man Group Plc from GBX 180 ($2.23) to GBX 141 ($1.75) and set a “buy” rating on the stock in a research note on Tuesday, July 5th. Citigroup Inc. upgraded Man Group Plc to a “buy” rating and set a GBX 137 ($1.70) price objective on the stock in a research note on Monday, September 12th. Finally, Goldman Sachs Group Inc. lowered their target price on Man Group Plc from GBX 155 ($1.92) to GBX 146 ($1.81) and set a “buy” rating on the stock in a research note on Tuesday, September 27th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Man Group Plc has a consensus rating of “Buy” and a consensus target price of GBX 141.58 ($1.75).
Shares of Man Group Plc (LON:EMG) opened at 124.50 on Monday. The firm’s market capitalization is GBX 2.09 billion. Man Group Plc has a 52 week low of GBX 102.50 and a 52 week high of GBX 176.70. The firm’s 50-day moving average is GBX 114.11 and its 200-day moving average is GBX 125.48.
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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