Shares of Man Group PLC (LON:EMG) have earned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 211.57 ($2.76).
A number of research firms have recently commented on EMG. Numis Securities dropped their price target on Man Group from GBX 185 ($2.42) to GBX 178 ($2.33) and set a “hold” rating on the stock in a research report on Wednesday, August 8th. UBS Group raised Man Group to a “buy” rating and set a GBX 190 ($2.48) price target on the stock in a research report on Monday, October 22nd. Finally, Shore Capital reaffirmed a “buy” rating on shares of Man Group in a research report on Friday, October 12th.
EMG traded down GBX 2.20 ($0.03) during midday trading on Monday, reaching GBX 145.35 ($1.90). 10,807,435 shares of the company were exchanged, compared to its average volume of 9,940,000. Man Group has a one year low of GBX 140.49 ($1.84) and a one year high of GBX 219.20 ($2.86).
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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