Man Group Plc (EMG) Receives “Overweight” Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. restated their overweight rating on shares of Man Group Plc (LON:EMG) in a report released on Monday morning. The firm currently has a GBX 140 ($1.71) price objective on the investment management company’s stock.
Other analysts have also recently issued reports about the stock. Liberum Capital restated a buy rating and set a GBX 125 ($1.52) target price on shares of Man Group Plc in a report on Tuesday, July 26th. Shore Capital restated a buy rating on shares of Man Group Plc in a report on Wednesday, July 20th. Jefferies Group reduced their target price on shares of Man Group Plc from GBX 180 ($2.19) to GBX 141 ($1.72) and set a buy rating for the company in a report on Tuesday, July 5th. Citigroup Inc. upgraded shares of Man Group Plc to a buy rating and set a GBX 137 ($1.67) target price for the company in a report on Monday, September 12th. Finally, Goldman Sachs Group Inc. reduced their target price on shares of Man Group Plc from GBX 155 ($1.89) to GBX 146 ($1.78) and set a buy rating for the company in a report on Tuesday, September 27th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of GBX 140.17 ($1.71).
Shares of Man Group Plc (LON:EMG) opened at 124.10 on Monday. The stock’s 50 day moving average price is GBX 114.59 and its 200-day moving average price is GBX 124.89. Man Group Plc has a 12-month low of GBX 102.50 and a 12-month high of GBX 176.70. The firm’s market capitalization is GBX 2.09 billion.
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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