Shares of Man Group Plc (LON:EMG) shot up 0% during trading on Friday . The stock traded as high as GBX 189.30 ($2.49) and last traded at GBX 190.60 ($2.51). 3,946,453 shares changed hands during trading, a decline of 17% from the average session volume of 4,750,000 shares. The stock had previously closed at GBX 190.60 ($2.51).

A number of research analysts have issued reports on the stock. Citigroup Inc. downgraded shares of Man Group Plc to a “neutral” rating and set a GBX 170 ($2.24) target price on the stock. in a research report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) increased their price objective on Man Group Plc from GBX 170 ($2.24) to GBX 175 ($2.30) and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Macquarie reiterated a “neutral” rating and issued a GBX 193 ($2.54) target price on shares of Man Group Plc in a research report on Wednesday, October 18th. Shore Capital reaffirmed a “buy” rating on shares of Man Group Plc in a research note on Tuesday, August 15th. Finally, Royal Bank Of Canada lowered Man Group Plc to a “sector perform” rating and set a GBX 175 ($2.30) price target on the stock. in a research note on Thursday, September 28th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Man Group Plc currently has an average rating of “Hold” and an average target price of GBX 177.08 ($2.33).

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Man Group Plc Company Profile

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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