Shares of Man Group Plc (LON:EMG) traded up 0.9% on Wednesday . The stock traded as high as GBX 198.50 ($2.67) and last traded at GBX 197.80 ($2.66). 5,371,110 shares were traded during mid-day trading, an increase of 21% from the average session volume of 4,430,000 shares. The stock had previously closed at GBX 196.10 ($2.64).
Several analysts recently weighed in on the company. Royal Bank Of Canada downgraded Man Group to a “sector perform” rating and set a GBX 175 ($2.36) price target on the stock. in a research note on Thursday, September 28th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 190 ($2.56) target price on shares of Man Group in a research note on Monday, October 16th. Jefferies Group increased their target price on Man Group from GBX 164 ($2.21) to GBX 192 ($2.58) and gave the company a “hold” rating in a research note on Wednesday, October 18th. Shore Capital reiterated a “buy” rating on shares of Man Group in a research note on Friday, October 13th. Finally, Societe Generale reiterated a “buy” rating and set a GBX 200 ($2.69) target price on shares of Man Group in a research note on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 177.08 ($2.38).
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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