Man Group (LON:EMG)‘s stock had its “hold” rating restated by research analysts at Numis Securities in a research note issued to investors on Wednesday, February 28th. They currently have a GBX 189 ($2.61) price objective on the investment management company’s stock. Numis Securities’ price target would indicate a potential upside of 11.18% from the company’s previous close.
Several other analysts have also recently weighed in on EMG. Shore Capital reissued a “buy” rating on shares of Man Group in a report on Wednesday, February 28th. Liberum Capital reissued a “buy” rating on shares of Man Group in a report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price target on Man Group from GBX 215 ($2.97) to GBX 225 ($3.11) and gave the company an “overweight” rating in a research note on Thursday, January 25th. Credit Suisse Group upped their price target on Man Group from GBX 195 ($2.69) to GBX 243 ($3.36) and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Goldman Sachs Group upped their price target on Man Group from GBX 182 ($2.51) to GBX 210 ($2.90) and gave the company a “buy” rating in a research note on Wednesday, February 21st. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 192.54 ($2.66).
Shares of Man Group (LON:EMG) traded down GBX 1.20 ($0.02) during trading hours on Wednesday, reaching GBX 170 ($2.35). The company’s stock had a trading volume of 4,510,000 shares, compared to its average volume of 9,870,000. Man Group has a 12-month low of GBX 140.49 ($1.94) and a 12-month high of GBX 219.20 ($3.03).
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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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