Man Group (MNGPY) Stock Rating Lowered by Zacks Investment Research
Man Group (OTCMKTS:MNGPY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday. They presently have a $3.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 6.76% from the company’s current price.
According to Zacks, “Man Group plc is in alternative investment management business. It provides investment management services to private investors, institutions and financial professionals. Its key areas of business include people, information technology and risk management. The Company’s investment management expertise extends from single managers such as Man AHL to fund of funds managers such as Man multi-manager. Its products include UCITS III compliant products, open-ended products, capital protection or income products, convertible bonds, advisory solutions and managed accounts. Man Group plc is headquartered in London, the United Kingdom. “
Separately, Royal Bank of Canada cut Man Group from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 28th.
Man Group (OTCMKTS:MNGPY) opened at $2.81 on Wednesday. Man Group has a 12 month low of $1.39 and a 12 month high of $2.61.
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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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