Man Group’s (EMG) “Neutral” Rating Reaffirmed at Bank of America

Bank of America reiterated their neutral rating on shares of Man Group (LON:EMG) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports.

A number of other analysts have also weighed in on EMG. Goldman Sachs Group lowered shares of Man Group to a neutral rating and dropped their target price for the stock from GBX 205 ($2.68) to GBX 150 ($1.96) in a report on Monday. Credit Suisse Group began coverage on shares of Man Group in a report on Friday, March 29th. They set an outperform rating and a GBX 180 ($2.35) target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Man Group from GBX 160 ($2.09) to GBX 155 ($2.03) and set a neutral rating for the company in a report on Friday, April 12th. Barclays began coverage on shares of Man Group in a report on Friday, April 12th. They set an overweight rating and a GBX 165 ($2.16) target price for the company. Finally, UBS Group dropped their target price on shares of Man Group from GBX 190 ($2.48) to GBX 170 ($2.22) and set a buy rating for the company in a report on Monday, April 8th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Man Group has an average rating of Buy and an average target price of GBX 172.13 ($2.25).

Shares of Man Group stock traded up GBX 3.40 ($0.04) during trading on Wednesday, reaching GBX 152.40 ($1.99). 1,405,379 shares of the stock were exchanged, compared to its average volume of 9,940,000. The company has a current ratio of 3.38, a quick ratio of 2.92 and a debt-to-equity ratio of 9.42. The firm has a market cap of $2.29 billion and a P/E ratio of 8.96. Man Group has a 1 year low of GBX 124.15 ($1.62) and a 1 year high of GBX 197.35 ($2.58).

The business also recently declared a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 4th will be paid a GBX 4.06 ($0.05) dividend. This represents a yield of 3.02%. The ex-dividend date of this dividend is Thursday, April 4th. Man Group’s payout ratio is currently 0.47%.

In related news, insider Jonathan Sorrell sold 202,871 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 136 ($1.78), for a total value of £275,904.56 ($360,518.18).

Man Group Company Profile

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.

Read More: What is Cost of Goods Sold (COGS)?

Analyst Recommendations for Man Group (LON:EMG)

Receive News & Ratings for Man Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Man Group and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit