Man Group Plc (EMG) Receives “Overweight” Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Man Group Plc (LON:EMG) in a research report sent to investors on Monday morning. JPMorgan Chase & Co. currently has a GBX 140 ($1.71) target price on the investment management company’s stock.
Several other equities research analysts also recently commented on the stock. BNP Paribas upped their target price on shares of Man Group Plc from GBX 135 ($1.65) to GBX 150 ($1.83) and gave the company an outperform rating in a research note on Monday. Numis Securities Ltd reiterated a hold rating and issued a GBX 115 ($1.40) price target on shares of Man Group Plc in a report on Friday. Liberum Capital reiterated a buy rating and issued a GBX 125 ($1.52) price target on shares of Man Group Plc in a report on Friday. Macquarie reiterated a neutral rating and issued a GBX 147 ($1.79) price target on shares of Man Group Plc in a report on Friday, October 7th. Finally, Goldman Sachs Group Inc. reduced their price target on shares of Man Group Plc from GBX 155 ($1.89) to GBX 146 ($1.78) and set a buy rating for the company in a report on Tuesday, September 27th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 140.17 ($1.71).
Man Group Plc (LON:EMG) opened at 124.10 on Monday. The company has a 50-day moving average of GBX 114.59 and a 200 day moving average of GBX 124.89. The company’s market cap is GBX 2.09 billion. Man Group Plc has a one year low of GBX 102.50 and a one year high of GBX 176.70.
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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