Man Group Plc (EMG) PT Raised to GBX 155 at Societe Generale
Man Group Plc (LON:EMG) had its price objective upped by equities research analysts at Societe Generale from GBX 145 ($1.77) to GBX 155 ($1.89) in a research note issued on Monday. The firm presently has a “buy” rating on the investment management company’s stock. Societe Generale’s price objective would indicate a potential upside of 24.00% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the stock. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 148 ($1.80) target price on shares of Man Group Plc in a research note on Tuesday, July 26th. Citigroup Inc. raised shares of Man Group Plc to a “buy” rating and set a GBX 137 ($1.67) price objective for the company in a research report on Monday, September 12th. Goldman Sachs Group Inc. reduced their price objective 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 research report on Tuesday, September 27th. Jefferies Group reduced their price objective 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 research report on Tuesday, July 5th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 125 ($1.52) price objective on shares of Man Group Plc in a research report on Friday, October 14th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Man Group Plc has a consensus rating of “Buy” and an average target price of GBX 140.17 ($1.71).
Shares of Man Group Plc (LON:EMG) opened at 122.20 on Monday. The stock has a 50 day moving average of GBX 114.88 and a 200 day moving average of GBX 124.70. Man Group Plc has a 12-month low of GBX 102.50 and a 12-month high of GBX 176.70. The company’s market cap is GBX 2.05 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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