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).

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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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