Shares of Man Group PLC (LON:EMG) have been assigned an average rating of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 211.57 ($2.76).
A number of analysts recently issued reports on the company. UBS Group raised Man Group to a “buy” rating and set a GBX 190 ($2.48) price objective on the stock in a report on Monday, October 22nd. Shore Capital reaffirmed a “buy” rating on shares of Man Group in a report on Friday, October 19th. Numis Securities reaffirmed a “hold” rating and issued a GBX 176 ($2.30) price target on shares of Man Group in a report on Monday, October 8th. Finally, Jefferies Financial Group raised Man Group to a “buy” rating and raised their price target for the company from GBX 192 ($2.51) to GBX 214 ($2.80) in a report on Monday, July 23rd.
EMG traded up GBX 0.70 ($0.01) during trading on Thursday, reaching GBX 157.60 ($2.06). 6,438,355 shares of the company were exchanged, compared to its average volume of 9,940,000. Man Group has a 12-month low of GBX 140.49 ($1.84) and a 12-month high of GBX 219.20 ($2.86).
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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