Man Group (LON:EMG) had its price objective raised by equities researchers at Goldman Sachs Group from GBX 182 ($2.51) to GBX 210 ($2.90) in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the investment management company’s stock. Goldman Sachs Group’s target price would suggest a potential upside of 13.09% from the stock’s previous close.
A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Man Group from GBX 190 ($2.63) to GBX 210 ($2.90) and gave the stock an “overweight” rating in a research note on Wednesday, October 25th. Credit Suisse Group increased their price target on shares of Man Group from GBX 195 ($2.69) to GBX 243 ($3.36) and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, Liberum Capital reiterated a “buy” rating on shares of Man Group in a research note on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 189.17 ($2.61).
Shares of Man Group (EMG) opened at GBX 185.70 ($2.57) on Wednesday. Man Group has a 52 week low of GBX 131.70 ($1.82) and a 52 week high of GBX 219.20 ($3.03).
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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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