Man Group Plc (EMG) Given “Neutral” Rating at Macquarie
Macquarie restated their neutral rating on shares of Man Group Plc (LON:EMG) in a research note issued to investors on Friday. The brokerage currently has a GBX 147 ($1.82) target price on the investment management company’s stock.
A number of other equities research analysts also recently commented on EMG. BNP Paribas reaffirmed an outperform rating and issued a GBX 140 ($1.73) price objective on shares of Man Group Plc in a research report on Monday, June 27th. JPMorgan Chase & Co. lowered their price objective on Man Group Plc from GBX 170 ($2.10) to GBX 125 ($1.55) and set a neutral rating for the company in a research report on Wednesday, June 29th. Barclays PLC lowered their price objective on Man Group Plc from GBX 145 ($1.79) to GBX 130 ($1.61) and set an equal weight rating for the company in a research report on Thursday, June 30th. Goldman Sachs Group Inc. reaffirmed a conviction-buy rating and issued a GBX 155 ($1.92) price objective on shares of Man Group Plc in a research report on Monday, July 4th. Finally, Jefferies Group lowered their price objective on Man Group Plc from GBX 180 ($2.23) to GBX 141 ($1.75) and set a buy rating for the company in a research report on Tuesday, July 5th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Man Group Plc has an average rating of Buy and an average target price of GBX 145.29 ($1.80).
Man Group Plc (LON:EMG) opened at 111.30 on Friday. Man Group Plc has a 1-year low of GBX 102.50 and a 1-year high of GBX 176.70. The company’s 50-day moving average price is GBX 113.86 and its 200 day moving average price is GBX 125.61. The firm’s market cap is GBX 1.87 billion.
About Man Group Plc
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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