Man Group plc (LON:EMG) Receives Average Recommendation of “Buy” from Brokerages

Man Group plc (LON:EMG) has received a consensus recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 173.92 ($2.27).

A number of equities analysts have issued reports on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “buy” rating and set a GBX 175 ($2.29) target price on shares of Man Group in a research report on Wednesday, March 3rd. Shore Capital reaffirmed a “buy” rating and issued a GBX 165.50 ($2.16) target price on shares of Man Group in a research note on Friday, April 16th. Citigroup reissued a “buy” rating and set a GBX 175 ($2.29) price target on shares of Man Group in a research report on Wednesday, March 3rd. Credit Suisse Group upped their price objective on Man Group from GBX 190 ($2.48) to GBX 210 ($2.74) and gave the company an “outperform” rating in a research report on Friday, May 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Man Group from GBX 170 ($2.22) to GBX 180 ($2.35) and gave the company an “overweight” rating in a research note on Wednesday, March 3rd.

Shares of LON:EMG traded up GBX 3.65 ($0.05) during midday trading on Friday, hitting GBX 184.90 ($2.42). 834,796 shares of the stock were exchanged, compared to its average volume of 2,663,599. Man Group has a twelve month low of GBX 105.90 ($1.38) and a twelve month high of GBX 184.90 ($2.42). The company has a current ratio of 2.32, a quick ratio of 1.97 and a debt-to-equity ratio of 21.91. The firm has a 50 day simple moving average of GBX 518.37. The company has a market capitalization of £2.67 billion and a PE ratio of 27.90.

About Man Group

Man Group plc is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.

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Analyst Recommendations for Man Group (LON:EMG)

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