Man Group Plc (EMG) Shares Up 1.7%

Man Group Plc (LON:EMG)’s share price shot up 1.7% on Tuesday . The company traded as high as GBX 179.90 ($2.37) and last traded at GBX 179.50 ($2.36). 5,864,847 shares changed hands during trading, an increase of 34% from the average session volume of 4,369,220 shares. The stock had previously closed at GBX 176.50 ($2.32).

A number of brokerages have weighed in on EMG. Royal Bank Of Canada downgraded shares of Man Group Plc to a “sector perform” rating and set a GBX 175 ($2.30) target price for the company. in a research note on Thursday, September 28th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 190 ($2.50) target price on shares of Man Group Plc in a research note on Thursday, September 21st. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 195 ($2.56) target price on shares of Man Group Plc in a research note on Tuesday, September 12th. Macquarie reaffirmed a “neutral” rating and set a GBX 163 ($2.14) target price on shares of Man Group Plc in a research note on Tuesday, August 29th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Man Group Plc in a research note on Tuesday, August 15th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 166.46 ($2.19).

The stock has a 50 day moving average of GBX 167.45 and a 200 day moving average of GBX 158.21. The company’s market cap is GBX 2.94 billion.

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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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