Man Group Plc (LON:EMG)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 203.20 ($2.73) and last traded at GBX 200.60 ($2.70), with a volume of 6956836 shares traded. The stock had previously closed at GBX 200.60 ($2.70).

A number of research firms have recently issued reports on EMG. J P Morgan Chase & Co increased their price objective on shares of Man Group from GBX 190 ($2.56) to GBX 210 ($2.83) and gave the company an “overweight” rating in a research note on Wednesday, October 25th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 195 ($2.62) price objective on shares of Man Group in a research note on Friday, October 13th. Macquarie reiterated a “neutral” rating and set a GBX 163 ($2.19) price objective on shares of Man Group in a research note on Tuesday, August 29th. Numis Securities reiterated a “hold” rating and set a GBX 155 ($2.09) price objective on shares of Man Group in a research note on Friday, October 13th. Finally, Societe Generale reiterated a “buy” rating and set a GBX 200 ($2.69) price objective on shares of Man Group in a research note on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 177.46 ($2.39).

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Man Group Company Profile

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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