Man Group (EMG) Price Target Increased to GBX 215 by Analysts at J P Morgan Chase & Co
Man Group (LON:EMG) had its target price raised by J P Morgan Chase & Co from GBX 210 ($2.83) to GBX 215 ($2.89) in a research note released on Wednesday. The brokerage currently has an overweight rating on the investment management company’s stock.
A number of other equities analysts also recently issued reports on EMG. Macquarie reaffirmed a neutral rating and issued a GBX 193 ($2.60) price target on shares of Man Group in a report on Wednesday, October 18th. Shore Capital reaffirmed a buy rating on shares of Man Group in a report on Tuesday, August 15th. Royal Bank of Canada downgraded Man Group to a sector perform rating and set a GBX 175 ($2.36) price target for the company. in a report on Thursday, September 28th. Societe Generale reaffirmed a buy rating and issued a GBX 200 ($2.69) price target on shares of Man Group in a report on Monday, October 16th. Finally, Jefferies Group increased their price objective on Man Group from GBX 164 ($2.21) to GBX 192 ($2.58) and gave the company a hold rating in a report on Wednesday, October 18th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Man Group currently has a consensus rating of Hold and an average price target of GBX 177.46 ($2.39).
Man Group (LON:EMG) opened at GBX 201.96 ($2.72) on Wednesday. Man Group has a fifty-two week low of GBX 117.40 ($1.58) and a fifty-two week high of GBX 204.60 ($2.75).
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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