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)

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