Man Group Plc’s (EMG) Neutral Rating Reaffirmed at Macquarie
Macquarie reiterated their neutral rating on shares of Man Group Plc (LON:EMG) in a research note released on Tuesday. Macquarie currently has a GBX 163 ($2.11) price target on the investment management company’s stock.
Several other research firms have also recently commented on EMG. Liberum Capital restated a buy rating and set a GBX 177 ($2.29) price target on shares of Man Group Plc in a research note on Tuesday, August 1st. BNP Paribas restated a neutral rating and set a GBX 160 ($2.07) price target on shares of Man Group Plc in a research note on Tuesday, July 18th. Credit Suisse Group restated an outperform rating and set a GBX 195 ($2.52) price target on shares of Man Group Plc in a research note on Tuesday, May 2nd. Barclays PLC restated an equal weight rating and set a GBX 170 ($2.20) price target on shares of Man Group Plc in a research note on Wednesday, August 2nd. Finally, Shore Capital restated a buy rating on shares of Man Group Plc in a research note on Tuesday, August 15th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 164.92 ($2.13).
Man Group Plc (LON EMG) opened at 164.30 on Tuesday. The company’s 50-day moving average is GBX 160.36 and its 200-day moving average is GBX 152.56. Man Group Plc has a 12 month low of GBX 108.00 and a 12 month high of GBX 170.70. The stock’s market capitalization is GBX 2.71 billion.
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The firm also recently announced a dividend, which will be paid on Wednesday, September 6th. Investors of record on Thursday, August 17th will be given a dividend of GBX 3.79 ($0.05) per share. The ex-dividend date is Thursday, August 17th. This is an increase from Man Group Plc’s previous dividend of $3.62. This represents a yield of 2.29%.
About Man Group Plc
Man Group plc provides alternative investment management services worldwide. The company offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries.
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