Shares of Man Group plc (LON:EMG) have received a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 173.92 ($2.27).
Several equities research analysts have weighed in on EMG shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a “buy” rating and set a GBX 175 ($2.29) price target on shares of Man Group in a research report on Wednesday, March 3rd. Citigroup reiterated a “buy” rating and set a GBX 175 ($2.29) price target on shares of Man Group in a research report on Wednesday, March 3rd. JPMorgan Chase & Co. raised their price objective on shares of Man Group from GBX 170 ($2.22) to GBX 180 ($2.35) and gave the stock an “overweight” rating in a research note on Wednesday, March 3rd. Credit Suisse Group boosted their target price on shares of Man Group from GBX 190 ($2.48) to GBX 210 ($2.74) and gave the company an “outperform” rating in a research note on Friday, May 14th. Finally, Shore Capital restated a “buy” rating and set a GBX 165.50 ($2.16) price target on shares of Man Group in a research report on Friday, April 16th.
Shares of EMG stock traded up GBX 3.65 ($0.05) during trading hours on Friday, hitting GBX 184.90 ($2.42). The company’s stock had a trading volume of 834,796 shares, compared to its average volume of 2,663,599. The stock has a market cap of £2.67 billion and a PE ratio of 27.90. Man Group has a 12-month low of GBX 105.90 ($1.38) and a 12-month high of GBX 184.90 ($2.42). The stock has a 50 day simple moving average of GBX 518.37. The company has a debt-to-equity ratio of 21.91, a quick ratio of 1.97 and a current ratio of 2.32.
Man Group plc is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.
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