Man Group Plc (EMG) PT Raised to GBX 135
Man Group Plc (LON:EMG) had its price target raised by research analysts at BNP Paribas from GBX 130 ($1.61) to GBX 135 ($1.67) in a research note issued on Tuesday. The firm presently has an “outperform” rating on the investment management company’s stock. BNP Paribas’ price target would indicate a potential upside of 18.42% from the company’s current price.
Other equities analysts have also issued research reports about the company. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 148 ($1.83) target price on shares of Man Group Plc in a research note on Tuesday, July 12th. Royal Bank Of Canada raised Man Group Plc to an “outperform” rating and set a GBX 140 ($1.73) target price on the stock in a research note on Friday, July 22nd. JPMorgan Chase & Co. cut their target price on Man Group Plc from GBX 170 ($2.10) to GBX 125 ($1.55) and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Jefferies Group cut their target price on Man Group Plc from GBX 180 ($2.23) to GBX 141 ($1.75) and set a “buy” rating on the stock in a research note on Tuesday, July 5th. Finally, Barclays PLC reissued an “equal weight” rating and issued a GBX 120 ($1.49) target price on shares of Man Group Plc in a research note on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 145.29 ($1.80).
Shares of Man Group Plc (LON:EMG) opened at 110.98 on Tuesday. The firm’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 1.86 billion. Man Group Plc has a 12-month low of GBX 102.50 and a 12-month high of GBX 176.70.
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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