Man Group (OTCMKTS:MNGPF) Trading 8.3% Higher – Time to Buy?

Shares of Man Group Plc (OTCMKTS:MNGPF) traded up 8.3% during trading on Tuesday . The stock traded as high as $2.87 and last traded at $2.87. 175 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 5,811 shares. The stock had previously closed at $2.65.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MNGPF shares. UBS Group upgraded shares of Man Group from a “neutral” rating to a “buy” rating in a research report on Friday, September 19th. Citigroup reaffirmed a “neutral” rating on shares of Man Group in a report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Man Group in a research report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Man Group Stock Up 8.3%

The company’s 50 day moving average is $2.68 and its 200 day moving average is $2.44.

About Man Group

Man Group Limited 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.