Jefferies Group LLC cut shares of Man Group Plc (LON:EMG) to a hold rating in a report released on Tuesday, July 11th, MarketBeat.com reports. They currently have GBX 164 ($2.14) target price on the investment management company’s stock, down from their prior target price of GBX 169 ($2.20).
A number of other research firms also recently issued reports on EMG. Shore Capital restated a buy rating on shares of Man Group Plc in a research note on Thursday, April 20th. Credit Suisse Group reissued an outperform rating and issued a GBX 195 ($2.54) price target on shares of Man Group Plc in a report on Tuesday, May 2nd. J P Morgan Chase & Co reissued an overweight rating and issued a GBX 170 ($2.21) price target on shares of Man Group Plc in a report on Friday, April 21st. BNP Paribas reissued a neutral rating and issued a GBX 140 ($1.82) price target on shares of Man Group Plc in a report on Monday, March 27th. Finally, Barclays PLC reaffirmed an equal weight rating and issued a GBX 165 ($2.15) price objective on shares of Man Group Plc in a research note on Tuesday, June 27th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 163.92 ($2.13).
Shares of Man Group Plc (LON:EMG) traded up 1.02% during midday trading on Tuesday, hitting GBX 169.00. 3,255,787 shares of the stock were exchanged. Man Group Plc has a 52-week low of GBX 108.00 and a 52-week high of GBX 170.70. The firm’s 50-day moving average is GBX 156.60 and its 200 day moving average is GBX 149.70. The firm’s market cap is GBX 2.79 billion.
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Man Group Plc 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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