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).
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.
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