Man Group (EMG) Hits New 12-Month High at $200.60
Man Group Plc (LON:EMG) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 200.60 ($2.69) and last traded at GBX 198.80 ($2.66), with a volume of 4443064 shares traded. The stock had previously closed at GBX 198.80 ($2.66).
A number of research analysts have recently weighed in on EMG shares. Shore Capital reaffirmed a “buy” rating on shares of Man Group in a research report on Tuesday, August 15th. J P Morgan Chase & Co boosted their price target on Man Group from GBX 190 ($2.54) to GBX 210 ($2.81) and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Jefferies Group boosted their price target on Man Group from GBX 164 ($2.20) to GBX 192 ($2.57) and gave the stock a “hold” rating in a report on Wednesday, October 18th. Macquarie reissued a “neutral” rating and issued a GBX 163 ($2.18) price target on shares of Man Group in a report on Tuesday, August 29th. Finally, Royal Bank Of Canada cut Man Group to a “sector perform” rating and set a GBX 175 ($2.34) price target on the stock. in a report on Thursday, September 28th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 177.08 ($2.37).
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About Man Group
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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