Numis Securities Ltd Reiterates Hold Rating for Man Group Plc (EMG)
Man Group Plc (LON:EMG)‘s stock had its “hold” rating reaffirmed by Numis Securities Ltd in a research note issued to investors on Friday. They currently have a GBX 115 ($1.40) price objective on the investment management company’s stock. Numis Securities Ltd’s price target points to a potential downside of 6.50% from the stock’s current price.
EMG has been the topic of a number of other research reports. Goldman Sachs Group Inc. reissued a “conviction-buy” rating and set a GBX 155 ($1.89) price target on shares of Man Group Plc in a research report on Monday, July 4th. JPMorgan Chase & Co. raised Man Group Plc to an “overweight” rating and boosted their price target for the stock from GBX 120 ($1.46) to GBX 140 ($1.71) in a research report on Tuesday, September 13th. Citigroup Inc. raised Man Group Plc to a “buy” rating and set a GBX 137 ($1.67) price target on the stock in a research report on Monday, September 12th. Macquarie reissued a “neutral” rating and set a GBX 147 ($1.79) price target on shares of Man Group Plc in a research report on Friday, October 7th. Finally, BNP Paribas lowered their price target on Man Group Plc from GBX 140 ($1.71) to GBX 135 ($1.65) and set an “outperform” rating on the stock in a research report on Thursday, July 7th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 140.17 ($1.71).
Shares of Man Group Plc (LON:EMG) opened at 123.736 on Friday. The company’s market cap is GBX 2.08 billion. Man Group Plc has a 12 month low of GBX 102.50 and a 12 month high of GBX 176.70. The firm has a 50 day moving average price of GBX 114.59 and a 200-day moving average price of GBX 124.89.
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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