Numis Securities Ltd Reiterates Hold Rating for Man Group Plc (EMG)
Man Group Plc (LON:EMG)‘s stock had its “hold” rating reissued by equities research analysts at Numis Securities Ltd in a note issued to investors on Friday. They presently have a GBX 115 ($1.40) price objective on the investment management company’s stock. Numis Securities Ltd’s price target suggests a potential downside of 6.50% from the stock’s previous close.
EMG has been the topic of several other research reports. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and issued a GBX 155 ($1.89) price target on shares of Man Group Plc in a research report on Monday, July 4th. JPMorgan Chase & Co. raised shares of Man Group Plc to an “overweight” rating and raised their price target for the company from GBX 120 ($1.46) to GBX 140 ($1.71) in a research report on Tuesday, September 13th. Citigroup Inc. raised shares of Man Group Plc to a “buy” rating and set a GBX 137 ($1.67) price target on the stock in a research report on Monday, September 12th. Macquarie reaffirmed a “neutral” rating and issued a GBX 147 ($1.79) price target on shares of Man Group Plc in a research report on Friday, October 7th. Finally, BNP Paribas dropped their price target on shares of Man Group Plc from GBX 140 ($1.71) to GBX 135 ($1.65) and set an “outperform” rating on the stock in a research report on Thursday, July 7th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Man Group Plc has a consensus rating of “Buy” and a consensus price target of GBX 140.17 ($1.71).
Shares of Man Group Plc (LON:EMG) opened at 123.736 on Friday. The company has a 50 day moving average price of GBX 114.59 and a 200 day moving average price of GBX 124.89. The company’s market capitalization is GBX 2.08 billion. Man Group Plc has a 52 week low of GBX 102.50 and a 52 week 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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