Analysts Set Man Group PLC (LON:EMG) Price Target at GBX 182.63
Man Group PLC (LON:EMG) has received an average recommendation of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 182.63 ($2.39).
EMG has been the topic of several research analyst reports. Goldman Sachs Group decreased their price objective on shares of Man Group from GBX 175 ($2.29) to GBX 160 ($2.09) and set a “neutral” rating on the stock in a research report on Monday, October 28th. Berenberg Bank decreased their price objective on shares of Man Group from GBX 206 ($2.69) to GBX 192 ($2.51) and set a “buy” rating on the stock in a research report on Monday, November 4th. Jefferies Financial Group restated a “buy” rating and issued a GBX 185 ($2.42) price objective on shares of Man Group in a research report on Monday, October 7th. Shore Capital decreased their price objective on shares of Man Group from GBX 280 ($3.66) to GBX 250 ($3.27) and set a “buy” rating on the stock in a research report on Monday, October 21st. Finally, UBS Group cut shares of Man Group to a “neutral” rating and decreased their price objective for the stock from GBX 195 ($2.55) to GBX 155 ($2.03) in a research report on Friday, October 25th.
Shares of Man Group stock traded up GBX 0.15 ($0.00) on Monday, reaching GBX 141.40 ($1.85). The stock had a trading volume of 3,556,638 shares, compared to its average volume of 9,940,000. Man Group has a 1 year low of GBX 124.15 ($1.62) and a 1 year high of GBX 177.10 ($2.31). The company has a market cap of $2.16 billion and a P/E ratio of 7.68. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 28.83. The business’s 50 day moving average is GBX 155.27 and its two-hundred day moving average is GBX 157.95.
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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