Man Group Plc (EMG) Rating Reiterated by BNP Paribas
Man Group Plc (LON:EMG)‘s stock had its “outperform” rating reissued by BNP Paribas in a report released on Monday. They currently have a GBX 150 ($1.87) target price on the investment management company’s stock. BNP Paribas’ price target points to a potential upside of 19.62% from the company’s previous close.
EMG has been the subject of several other reports. Shore Capital reissued a “buy” rating on shares of Man Group Plc in a report on Friday, September 2nd. Citigroup Inc. reissued a “buy” rating and set a GBX 145 ($1.81) price objective on shares of Man Group Plc in a report on Monday, October 17th. Numis Securities Ltd reissued a “hold” rating and set a GBX 115 ($1.44) price objective on shares of Man Group Plc in a report on Wednesday, October 5th. Goldman Sachs Group Inc. dropped their price objective on Man Group Plc from GBX 155 ($1.94) to GBX 146 ($1.82) and set a “buy” rating for the company in a report on Tuesday, September 27th. Finally, Macquarie reissued a “neutral” rating and set a GBX 147 ($1.84) price objective on shares of Man Group Plc in a report on Friday, October 7th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 140.33 ($1.75).
Shares of Man Group Plc (LON:EMG) opened at 124.20 on Monday. The company’s 50 day moving average is GBX 121.31 and its 200 day moving average is GBX 120.44. 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.
In other Man Group Plc news, insider Jonathan Sorrell sold 639,489 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of GBX 125 ($1.56), for a total transaction of £799,361.25 ($998,702.21). Also, insider Luke Ellis purchased 500,000 shares of Man Group Plc stock in a transaction on Tuesday, October 25th. The shares were purchased at an average cost of GBX 126 ($1.57) per share, with a total value of £630,000 ($787,106.45).
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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