Man Group Plc (EMG) Receives “Buy” Rating from Citigroup Inc.
Citigroup Inc. reissued their buy rating on shares of Man Group Plc (LON:EMG) in a report published on Monday. The firm currently has a GBX 145 ($1.77) price target on the investment management company’s stock.
A number of other analysts have also commented on EMG. BNP Paribas reaffirmed an outperform rating and issued a GBX 140 ($1.71) price target on shares of Man Group Plc in a research note on Monday, June 27th. JPMorgan Chase & Co. lowered their price objective on Man Group Plc from GBX 170 ($2.07) to GBX 125 ($1.52) and set a neutral rating for the company in a research report on Wednesday, June 29th. Barclays PLC lowered their price objective on Man Group Plc from GBX 145 ($1.77) to GBX 130 ($1.58) and set an equal weight rating for the company in a research report on Thursday, June 30th. Goldman Sachs Group Inc. reissued a conviction-buy rating and set a GBX 155 ($1.89) price objective on shares of Man Group Plc in a research report on Monday, July 4th. Finally, Jefferies Group lowered their price objective on Man Group Plc from GBX 180 ($2.19) to GBX 141 ($1.72) and set a buy rating for the company in a research report on Tuesday, July 5th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 140.17 ($1.71).
Man Group Plc (LON:EMG) opened at 124.00 on Monday. The company’s 50-day moving average is GBX 114.59 and its 200 day moving average is GBX 124.89. Man Group Plc has a 52-week low of GBX 102.50 and a 52-week high of GBX 176.70. The company’s market cap is GBX 2.08 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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