Man Group (LON:EMG) had its price target upped by UBS Group from GBX 185 ($2.42) to GBX 195 ($2.55) in a report published on Tuesday, ThisIsMoney.Co.Uk reports. The firm currently has a buy rating on the investment management company’s stock.
Several other analysts also recently commented on the company. Berenberg Bank started coverage on Man Group in a research note on Tuesday, April 23rd. They set a buy rating and a GBX 206 ($2.69) target price on the stock. JPMorgan Chase & Co. increased 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 research note on Monday, July 8th. Goldman Sachs Group started coverage on Man Group in a research note on Tuesday, June 4th. They set a neutral rating and a GBX 155 ($2.03) target price on the stock. Credit Suisse Group increased their target price on Man Group from GBX 180 ($2.35) to GBX 188 ($2.46) and gave the company an outperform rating in a research note on Tuesday, July 16th. Finally, Shore Capital reiterated a buy rating on shares of Man Group in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 178.75 ($2.34).
Man Group stock opened at GBX 157.70 ($2.06) on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.22 and a debt-to-equity ratio of 28.83. The company has a market capitalization of $2.42 billion and a P/E ratio of 8.62. The stock’s 50 day moving average is GBX 162.47 and its 200 day moving average is GBX 149.25. Man Group has a twelve month low of GBX 124.15 ($1.62) and a twelve month high of GBX 183.65 ($2.40).
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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