Man Group (LON:EMG) had its price objective increased by analysts at Credit Suisse Group from GBX 170 ($2.24) to GBX 180 ($2.37) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The firm currently has an “outperform” rating on the investment management company’s stock. Credit Suisse Group’s price target suggests a potential upside of 19.96% from the company’s previous close.
EMG has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their price target on shares of Man Group from GBX 180 ($2.37) to GBX 173 ($2.28) and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. UBS Group reaffirmed a “neutral” rating on shares of Man Group in a research note on Tuesday. Barclays cut shares of Man Group to an “equal weight” rating and lowered their price target for the stock from GBX 180 ($2.37) to GBX 165 ($2.17) in a research note on Monday, January 13th. Berenberg Bank lowered their price objective on shares of Man Group from GBX 206 ($2.71) to GBX 192 ($2.53) and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 185 ($2.43) price objective on shares of Man Group in a research note on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Man Group currently has an average rating of “Hold” and an average target price of GBX 180 ($2.37).
LON:EMG opened at GBX 150.05 ($1.97) on Friday. The company has a quick ratio of 1.67, a current ratio of 1.80 and a debt-to-equity ratio of 28.83. Man Group has a fifty-two week low of GBX 128.35 ($1.69) and a fifty-two week high of GBX 177.10 ($2.33). The stock has a market cap of $2.27 billion and a PE ratio of 8.15. The firm’s fifty day simple moving average is GBX 156.03 and its 200-day simple moving average is GBX 158.78.
In other Man Group news, insider Luke Ellis acquired 16,833 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of GBX 90 ($1.18) per share, with a total value of £15,149.70 ($19,928.57).
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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