Man Group Plc (EMG) Receives GBX 140.33 Average Target Price from Brokerages
Man Group Plc (LON:EMG) has been given an average rating of “Buy” by the fourteen ratings firms that are presently covering the firm. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 140.33 ($1.74).
A number of research analysts recently commented on the company. Liberum Capital reissued a “buy” rating and issued a GBX 125 ($1.55) price target on shares of Man Group Plc in a report on Friday, October 14th. Goldman Sachs Group Inc. lowered their price target on Man Group Plc from GBX 155 ($1.92) to GBX 146 ($1.81) and set a “buy” rating on the stock in a report on Tuesday, September 27th. Citigroup Inc. raised Man Group Plc to a “buy” rating and set a GBX 137 ($1.70) price target on the stock in a report on Monday, September 12th. Shore Capital reissued a “buy” rating on shares of Man Group Plc in a report on Friday, September 2nd. Finally, Societe Generale boosted their price target on Man Group Plc from GBX 145 ($1.80) to GBX 155 ($1.92) and gave the stock a “buy” rating in a report on Monday, October 17th.
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In other Man Group Plc news, insider Jonathan Sorrell sold 639,489 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of GBX 125 ($1.55), for a total value of £799,361.25 ($991,640.31). Also, insider Luke Ellis acquired 500,000 shares of the business’s stock in a transaction on Tuesday, October 25th. The stock was acquired at an average cost of GBX 126 ($1.56) per share, for a total transaction of £630,000 ($781,540.75).
Man Group Plc (LON:EMG) opened at 117.00 on Friday. The company’s market cap is GBX 1.97 billion. Man Group Plc has a one year low of GBX 102.50 and a one year high of GBX 176.70. The stock has a 50 day moving average of GBX 122.54 and a 200 day moving average of GBX 119.79.
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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