Man Group Plc (EMG) Reaches New 1-Year High at $171.10
Man Group Plc (LON:EMG) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 171.10 ($2.27) and last traded at GBX 170.90 ($2.27), with a volume of 2,844,255 shares changing hands. The stock had previously closed at GBX 168 ($2.23).
Several research analysts have recently commented on EMG shares. Macquarie reiterated a “neutral” rating and set a GBX 163 ($2.16) price target on shares of Man Group Plc in a report on Tuesday, August 29th. J P Morgan Chase & Co lifted their target price on shares of Man Group Plc from GBX 175 ($2.32) to GBX 180 ($2.39) and gave the company an “overweight” rating in a report on Thursday, July 6th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 195 ($2.59) price objective on shares of Man Group Plc in a report on Tuesday, September 12th. Jefferies Group LLC cut shares of Man Group Plc to a “hold” rating and reduced their price target for the stock from GBX 169 ($2.24) to GBX 164 ($2.18) in a research report on Tuesday, July 11th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 165 ($2.19) target price on shares of Man Group Plc in a report on Tuesday, June 27th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 166.46 ($2.21).
The company’s market cap is GBX 2.82 billion. The company has a 50-day moving average of GBX 165.93 and a 200-day moving average of GBX 156.96.
The firm also recently declared a dividend, which was paid on Wednesday, September 6th. Stockholders of record on Thursday, August 17th were issued a dividend of GBX 3.79 ($0.05) per share. The ex-dividend date was Thursday, August 17th. This represents a dividend yield of 2.29%. This is an increase from Man Group Plc’s previous dividend of $3.62.
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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