Man Group Plc (EMG) Stock Rating Lowered by Macquarie
Man Group Plc (LON:EMG) was downgraded by research analysts at Macquarie to a “neutral” rating in a research report issued to clients and investors on Monday. They presently have a GBX 147 ($1.79) price target on the investment management company’s stock, down from their prior price target of GBX 176 ($2.15). Macquarie’s target price would suggest a potential upside of 17.60% from the stock’s current price.
A number of other brokerages have also recently issued reports on EMG. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 148 ($1.80) target price on shares of Man Group Plc in a report on Tuesday, July 26th. Citigroup Inc. upgraded Man Group Plc to a “buy” rating and set a GBX 137 ($1.67) target price on the stock in a report on Monday, September 12th. Goldman Sachs Group Inc. cut their target price on Man Group Plc from GBX 155 ($1.89) to GBX 146 ($1.78) and set a “buy” rating on the stock in a report on Tuesday, September 27th. Jefferies Group cut their target price on Man Group Plc from GBX 180 ($2.19) to GBX 141 ($1.72) and set a “buy” rating on the stock in a report on Tuesday, July 5th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 125 ($1.52) target price on shares of Man Group Plc in a report on Friday, October 14th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 140.17 ($1.71).
Man Group Plc (LON:EMG) opened at 122.40 on Monday. Man Group Plc has a 52-week low of GBX 102.50 and a 52-week high of GBX 176.70. The firm’s 50-day moving average is GBX 114.88 and its 200-day moving average is GBX 124.70. The company’s market capitalization is GBX 2.06 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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