Shares of Man Group Plc (LON:EMG) rose 0% during trading on Wednesday . The stock traded as high as GBX 202.10 ($2.83) and last traded at GBX 201 ($2.82). Approximately 9,920,000 shares changed hands during trading, an increase of 109% from the average daily volume of 4,740,000 shares. The stock had previously closed at GBX 201 ($2.82).
EMG has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Man Group from GBX 190 ($2.66) to GBX 210 ($2.94) and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Numis Securities reaffirmed a “hold” rating and set a GBX 155 ($2.17) target price on shares of Man Group in a report on Friday, October 13th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 195 ($2.73) target price on shares of Man Group in a report on Friday, October 13th. Jefferies Group lifted their target price on shares of Man Group from GBX 164 ($2.30) to GBX 192 ($2.69) and gave the stock a “hold” rating in a report on Wednesday, October 18th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Man Group in a report on Friday, October 13th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 186.25 ($2.61).
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About Man Group
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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