Man Group Plc (LON:EMG) Given Consensus Recommendation of “Buy” by Analysts
Man Group Plc (LON:EMG) has received an average recommendation of “Buy” from the seventeen brokerages that are covering the firm. Five investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 149.27 ($1.95).
EMG has been the subject of several recent analyst reports. Macquarie restated an “outperform” rating and issued a GBX 176 ($2.30) target price on shares of Man Group Plc in a research note on Friday, May 27th. Goldman Sachs Group Inc. restated a “conviction-buy” rating and issued a GBX 200 ($2.61) target price on shares of Man Group Plc in a research note on Wednesday, June 1st. Barclays PLC restated an “equal weight” rating and issued a GBX 145 ($1.89) target price on shares of Man Group Plc in a research note on Tuesday, June 7th. BNP Paribas restated an “outperform” rating and issued a GBX 140 ($1.83) target price on shares of Man Group Plc in a research note on Monday, June 27th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Man Group Plc from GBX 170 ($2.22) to GBX 125 ($1.63) and set a “neutral” rating for the company in a research note on Wednesday, June 29th.
Shares of Man Group Plc (LON:EMG) opened at 115.70 on Thursday. The stock’s market cap is GBX 1.94 billion. Man Group Plc has a 52 week low of GBX 102.50 and a 52 week high of GBX 176.70. The company’s 50-day moving average is GBX 113.95 and its 200 day moving average is GBX 130.11.
The firm also recently announced a dividend, which was paid on Wednesday, August 31st. Shareholders of record on Thursday, August 11th were issued a dividend of GBX 3.43 ($0.04) per share. This is an increase from Man Group Plc’s previous dividend of $3.40. This represents a yield of 3.04%. The ex-dividend date of this dividend was Thursday, August 11th.
Man Group Plc Company Profile
Man Group plc is the holding company for the Man group of companies and affiliated entities (the Group). The Company operates in the alternative investment management sector. The Company has a geographically diverse investor base. It distributes to private investors through a network of over 4,000 intermediaries, and manages its institutional relationships directly.
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