Liberum Capital Reiterates “Buy” Rating for Man Group Plc (EMG)
Liberum Capital reiterated their buy rating on shares of Man Group Plc (LON:EMG) in a research report report published on Thursday, April 20th. They currently have a GBX 148 ($1.91) target price on the investment management company’s stock.
EMG has been the topic of several other research reports. JPMorgan Chase & Co. increased their price target on shares of Man Group Plc from GBX 150 ($1.94) to GBX 170 ($2.19) and gave the stock an overweight rating in a report on Thursday, March 9th. Citigroup Inc reaffirmed a buy rating and set a GBX 160 ($2.07) price objective on shares of Man Group Plc in a research note on Thursday, March 2nd. BNP Paribas reaffirmed a neutral rating and set a GBX 120 ($1.55) price objective on shares of Man Group Plc in a research note on Tuesday, January 10th. Societe Generale increased their target price on Man Group Plc from GBX 155 ($2.00) to GBX 160 ($2.07) and gave the company a buy rating in a research report on Thursday, March 2nd. Finally, Goldman Sachs Group Inc reiterated a buy rating and set a GBX 167 ($2.16) target price on shares of Man Group Plc in a research report on Monday, March 6th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of GBX 156.46 ($2.02).
Shares of Man Group Plc (LON:EMG) traded up 1.10% during mid-day trading on Thursday, hitting GBX 155.70. 2,912,941 shares of the company were exchanged. The company has a 50 day moving average of GBX 151.33 and a 200 day moving average of GBX 135.19. The company’s market capitalization is GBX 2.59 billion. Man Group Plc has a 52 week low of GBX 102.50 and a 52 week high of GBX 164.10.
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The firm also recently announced a dividend, which was paid on Friday, May 12th. Investors of record on Thursday, April 20th were paid a dividend of GBX 3.62 ($0.05) per share. This is a boost from Man Group Plc’s previous dividend of $3.43. The ex-dividend date was Thursday, April 20th. This represents a yield of 2.52%.
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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