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.
ILLEGAL ACTIVITY WARNING: “Man Group Plc (EMG) Shares Up 1.7%” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/10/12/man-group-plc-emg-shares-up-1-7.html.
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.
What are top analysts saying about Man Group Plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Man Group Plc and related companies.