Shares of Man Group Plc (OTCMKTS:MNGPF – Get Free Report) traded up 8.2% on Thursday. The company traded as high as $4.66 and last traded at $4.3935. 959 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 12,204 shares. The stock had previously closed at $4.06.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on MNGPF shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Man Group in a research report on Friday, October 2nd. Citigroup reiterated a “buy” rating on shares of Man Group in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Man Group presently has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on Man Group
Man Group Price Performance
The company’s 50-day simple moving average is $4.07 and its two-hundred day simple moving average is $3.82.
About Man Group
Man Group plc is a global active investment management firm headquartered in London. The company provides investment solutions for institutional investors, private clients and other intermediaries, managing assets across a range of public and private markets.
Its principal activities include discretionary and systematic investing, alternative strategies, long-only equities and fixed income, multi-asset portfolios, and tailored investment solutions. The firm offers strategies across hedge funds, liquid alternatives, private markets and traditional asset classes, supported by research, portfolio management and technology.
Man Group traces its origins to 1783, when James Man established a sugar brokerage in London.
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