Barclays PLC reissued their equal weight rating on shares of Man Group Plc (LON:EMG) in a report issued on Wednesday, August 2nd. The brokerage currently has a GBX 170 ($2.21) price target on the investment management company’s stock.
A number of other analysts have also recently issued reports on the company. Goldman Sachs Group, Inc. (The) increased their target price on Man Group Plc from GBX 170 ($2.21) to GBX 175 ($2.28) and gave the stock a buy rating in a research note on Wednesday, August 2nd. Liberum Capital reaffirmed a buy rating and set a GBX 177 ($2.30) price target on shares of Man Group Plc in a research report on Tuesday, August 1st. Shore Capital reaffirmed a buy rating on shares of Man Group Plc in a research report on Tuesday, August 1st. Credit Suisse Group reaffirmed an outperform rating on shares of Man Group Plc in a research report on Friday, July 21st. Finally, BNP Paribas reaffirmed a neutral rating and set a GBX 160 ($2.08) price target on shares of Man Group Plc in a research report on Tuesday, July 18th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Man Group Plc presently has a consensus rating of Hold and a consensus price target of GBX 163.92 ($2.13).
Man Group Plc (EMG) opened at 160.60 on Wednesday. The company’s 50 day moving average is GBX 157.71 and its 200 day moving average is GBX 150.32. The stock’s market cap is GBX 2.65 billion. Man Group Plc has a 52 week low of GBX 108.00 and a 52 week high of GBX 170.70.
The company also recently disclosed a dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Thursday, August 17th will be given a dividend of GBX 3.79 ($0.05) per share. This is a boost from Man Group Plc’s previous dividend of $3.62. The ex-dividend date is Thursday, August 17th. This represents a yield of 2.29%.
About Man Group Plc
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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