Man Group Plc (EMG) Shares Up 1% Following Analyst Upgrade
Man Group Plc (LON:EMG) shot up 1% during trading on Wednesday after Jefferies Group raised their price target on the stock from GBX 164 to GBX 192. Jefferies Group currently has a hold rating on the stock. Man Group Plc traded as high as GBX 189.90 ($2.52) and last traded at GBX 189.10 ($2.51). 3,464,772 shares traded hands during trading, a decline of 24% from the average session volume of 4,568,280 shares. The stock had previously closed at GBX 187.20 ($2.49).
Several other research firms have also recently commented on EMG. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 190 ($2.52) price objective on shares of Man Group Plc in a research report on Monday. Societe Generale reaffirmed a “buy” rating and set a GBX 200 ($2.66) price objective on shares of Man Group Plc in a research report on Monday. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 155 ($2.06) price objective on shares of Man Group Plc in a research report on Friday, October 13th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 195 ($2.59) price objective on shares of Man Group Plc in a research report on Friday, October 13th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Man Group Plc in a research report on Friday, October 13th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 175.54 ($2.33).
The company’s market cap is GBX 3.12 billion. The company has a 50-day moving average of GBX 170.62 and a 200-day moving average of GBX 159.87.
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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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