Man Group PLC (OTCMKTS:MNGPY) Lifted to Hold at Zacks Investment Research

Man Group PLC (OTCMKTS:MNGPY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, September 13th.

According to Zacks, “Man Group plc is in alternative investment management business. It provides investment management services to private investors, institutions and financial professionals. Its key areas of business include people, information technology and risk management. The Company’s investment management expertise extends from single managers such as Man AHL to fund of funds managers such as Man multi-manager. Its products include UCITS III compliant products, open-ended products, capital protection or income products, convertible bonds, advisory solutions and managed accounts. Man Group plc is headquartered in London, the United Kingdom. “

Separately, ValuEngine raised shares of Man Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th.

Man Group PLC (MNGPY) opened at 2.17 on Wednesday. The firm’s market cap is $3.58 billion. The firm has a 50-day moving average of $2.13 and a 200 day moving average of $1.95. Man Group PLC has a 1-year low of $1.34 and a 1-year high of $2.18.

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About Man Group PLC

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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