Man Group (EMG) Stock Price Up 0% on Analyst Upgrade
Man Group Plc (LON:EMG)’s share price rose 0% on Wednesday after J P Morgan Chase & Co raised their price target on the stock from GBX 210 to GBX 215. J P Morgan Chase & Co currently has an overweight rating on the stock. Man Group traded as high as GBX 204.20 ($2.75) and last traded at GBX 203.80 ($2.74). Approximately 7,203,872 shares changed hands during trading, an increase of 73% from the average daily volume of 4,170,000 shares. The stock had previously closed at GBX 203.80 ($2.74).
EMG has been the subject of several other research reports. Shore Capital reissued a “buy” rating on shares of Man Group in a research report on Tuesday, August 15th. Macquarie reissued a “neutral” rating and issued a GBX 163 ($2.19) price target on shares of Man Group in a research report on Tuesday, August 29th. Royal Bank of Canada cut shares of Man Group to a “sector perform” rating and set a GBX 175 ($2.36) price target for the company. in a research report on Thursday, September 28th. Jefferies Group raised their price target on shares of Man Group from GBX 164 ($2.21) to GBX 192 ($2.58) and gave the company a “hold” rating in a research report on Wednesday, October 18th. Finally, Societe Generale reissued a “buy” rating and issued a GBX 200 ($2.69) price target on shares of Man Group in a research report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 177.46 ($2.39).
TRADEMARK VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/13/man-group-emg-stock-price-up-0-on-analyst-upgrade.html.
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.
Receive News & Stock Ratings for Man Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Man Group and related stocks with our FREE daily email newsletter.