MAN Grp PLC/ADR (OTCMKTS:MNGPY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Man Group plc is in alternative investment management business. It provides investment management services to private investors, institutions and financial professionals. Its key areas of business include people, information technology and risk management. The Company’s investment management expertise extends from single managers such as Man AHL to fund of funds managers such as Man multi-manager. Its products include UCITS III compliant products, open-ended products, capital protection or income products, convertible bonds, advisory solutions and managed accounts. Man Group plc is headquartered in London, the United Kingdom. “

A number of other brokerages have also issued reports on MNGPY. ValuEngine lowered MAN Grp PLC/ADR from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. UBS Group raised MAN Grp PLC/ADR from a “neutral” rating to a “buy” rating in a research report on Monday, October 22nd.

Shares of OTCMKTS MNGPY remained flat at $$1.82 during midday trading on Tuesday. MAN Grp PLC/ADR has a 52-week low of $1.72 and a 52-week high of $3.12. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 2.53 and a beta of 1.35.

About MAN Grp PLC/ADR

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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