Man Group Plc (EMG) Hits New 52-Week High at $192.30

Man Group Plc (LON:EMG)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 192.30 ($2.54) and last traded at GBX 189.80 ($2.50), with a volume of 5,027,469 shares trading hands. The stock had previously closed at GBX 190.90 ($2.52).

Several equities analysts have recently weighed in on the stock. J P Morgan Chase & Co increased their price objective on shares of Man Group Plc from GBX 190 ($2.51) to GBX 210 ($2.77) and gave the stock an “overweight” rating in a research note on Wednesday. Macquarie reiterated a “neutral” rating and issued a GBX 193 ($2.55) price objective on shares of Man Group Plc in a research note on Wednesday, October 18th. Jefferies Group LLC increased their price objective on shares of Man Group Plc from GBX 164 ($2.16) to GBX 192 ($2.53) and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Societe Generale reiterated a “buy” rating and issued a GBX 200 ($2.64) price objective on shares of Man Group Plc in a research note on Monday, October 16th. Finally, Shore Capital reiterated a “buy” rating on shares of Man Group Plc in a research note on Friday, October 13th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 177.08 ($2.34).

The stock’s 50 day moving average price is GBX 173.79 and its 200 day moving average price is GBX 161.43. The company’s market capitalization is GBX 3.13 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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