Man Group Plc (EMG) Stock Rating Reaffirmed by Credit Suisse Group
Credit Suisse Group reissued their outperform rating on shares of Man Group Plc (LON:EMG) in a research note released on Tuesday, Marketbeat Ratings reports. They currently have a GBX 195 ($2.52) target price on the investment management company’s stock.
A number of other equities analysts also recently weighed in on the company. Macquarie reiterated a neutral rating and issued a GBX 163 ($2.11) target price on shares of Man Group Plc in a report on Tuesday, August 29th. Shore Capital reissued a buy rating on shares of Man Group Plc in a research note on Tuesday, August 15th. Citigroup Inc. cut Man Group Plc to a neutral rating and set a GBX 170 ($2.20) price target for the company. in a research note on Wednesday, August 2nd. Barclays PLC reissued an equal weight rating and issued a GBX 170 ($2.20) price target on shares of Man Group Plc in a research note on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) boosted their price target on Man Group Plc from GBX 170 ($2.20) to GBX 175 ($2.26) and gave the company a buy rating in a research note on Wednesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 164.92 ($2.13).
Man Group Plc (EMG) opened at 163.50 on Tuesday. Man Group Plc has a 12 month low of GBX 108.30 and a 12 month high of GBX 170.70. The firm’s market capitalization is GBX 2.70 billion. The firm’s 50-day moving average is GBX 165.29 and its 200-day moving average is GBX 155.07.
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The company also recently declared a dividend, which was paid on Wednesday, September 6th. Investors of record on Thursday, August 17th were paid a GBX 3.79 ($0.05) dividend. This is a boost from Man Group Plc’s previous dividend of $3.62. The ex-dividend date was Thursday, August 17th. This represents a dividend yield of 2.29%.
About Man Group Plc
Man Group plc provides alternative investment management services worldwide. The company offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries.
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