Man Group Plc (LON:EMG) dropped 0.9% during trading on Tuesday . The stock traded as low as GBX 184.65 ($2.55) and last traded at GBX 184.85 ($2.55). Approximately 5,363,838 shares traded hands during trading, a decline of 8% from the average daily volume of 5,820,000 shares. The stock had previously closed at GBX 186.50 ($2.58).
EMG has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Man Group from GBX 190 ($2.63) to GBX 210 ($2.90) and gave the company an “overweight” rating in a report on Wednesday, October 25th. Jefferies Group upped their target price on Man Group from GBX 164 ($2.27) to GBX 192 ($2.65) and gave the company a “hold” rating in a report on Wednesday, October 18th. Credit Suisse Group upped their target price on Man Group from GBX 195 ($2.69) to GBX 243 ($3.36) and gave the company an “outperform” rating in a report on Wednesday, January 31st. Societe Generale reaffirmed a “buy” rating and set a GBX 200 ($2.76) target price on shares of Man Group in a report on Monday, October 16th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of Man Group in a report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 186.25 ($2.57).
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Man Group 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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