Citigroup Forecasts Strong Price Appreciation for Man Group (LON:EMG) Stock

Man Group (LON:EMG) had its target price raised by investment analysts at Citigroup from GBX 190 to GBX 275 in a research note issued on Tuesday,Digital Look reports. The firm presently has a “neutral” rating on the investment management company’s stock. Citigroup’s price objective indicates a potential upside of 6.10% from the stock’s current price.

A number of other equities research analysts have also commented on EMG. JPMorgan Chase & Co. upped their price objective on shares of Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, Jefferies Financial Group increased their price objective on shares of Man Group from GBX 240 to GBX 280 and gave the company a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Man Group has an average rating of “Moderate Buy” and a consensus price target of GBX 253.50.

Man Group Trading Down 1.4%

Shares of Man Group stock opened at GBX 259.20 on Tuesday. Man Group has a 12-month low of GBX 150.40 and a 12-month high of GBX 272.20. The company has a 50-day simple moving average of GBX 223.40 and a 200 day simple moving average of GBX 194.24. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76. The stock has a market capitalization of £2.89 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

About Man Group

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers’ capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.