Man Group (LON:EMG) Receives Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Man Group (LON:EMG) in a research report sent to investors on Friday, ThisIsMoney.Co.Uk reports.

EMG has been the subject of several other reports. JPMorgan Chase & Co. upped their target price on Man Group from GBX 155 ($2.03) to GBX 170 ($2.22) and gave the company a neutral rating in a report on Monday, July 8th. Credit Suisse Group upped their target price on Man Group from GBX 194 ($2.53) to GBX 196 ($2.56) and gave the company an outperform rating in a report on Tuesday, October 1st. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 185 ($2.42) target price on shares of Man Group in a report on Monday, October 7th. Finally, UBS Group upped their target price on Man Group from GBX 185 ($2.42) to GBX 195 ($2.55) and gave the company a buy rating in a report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of GBX 181.71 ($2.37).

Shares of EMG stock traded down GBX 1.60 ($0.02) during trading on Friday, hitting GBX 156.35 ($2.04). The company’s stock had a trading volume of 5,589,885 shares, compared to its average volume of 9,940,000. The company has a market cap of $2.35 billion and a PE ratio of 8.50. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 28.83. The business has a fifty day moving average of GBX 168.36 and a 200-day moving average of GBX 157.04. Man Group has a 52 week low of GBX 124.15 ($1.62) and a 52 week high of GBX 177.10 ($2.31).

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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Analyst Recommendations for Man Group (LON:EMG)

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