Man Group (EMG) Hits New 12-Month High at $207.00
Man Group Plc (LON:EMG) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 207 ($2.77) and last traded at GBX 205.80 ($2.75), with a volume of 2575848 shares trading hands. The stock had previously closed at GBX 205.80 ($2.75).
Several brokerages recently issued reports on EMG. JPMorgan Chase & Co. upped their target price on Man Group from GBX 210 ($2.81) to GBX 215 ($2.87) and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Macquarie reiterated a “neutral” rating and set a GBX 193 ($2.58) price target on shares of Man Group in a research note on Wednesday, October 18th. Jefferies Group boosted their price target on Man Group from GBX 164 ($2.19) to GBX 192 ($2.57) and gave the company a “hold” rating in a research note on Wednesday, October 18th. Societe Generale reiterated a “buy” rating and set a GBX 200 ($2.67) price target on shares of Man Group in a research note on Monday, October 16th. Finally, Shore Capital reiterated a “buy” rating on shares of Man Group in a research note on Friday, October 13th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Man Group has an average rating of “Hold” and a consensus price target of GBX 177.46 ($2.37).
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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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