Man Group PLC (LON:EMG) Receives GBX 176 Average Price Target from Brokerages

Shares of Man Group PLC (LON:EMG) have been assigned an average rating of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 177.50 ($2.32).

A number of analysts have recently commented on EMG shares. Shore Capital reiterated a “buy” rating on shares of Porvair in a research note on Thursday, April 11th. Goldman Sachs Group upgraded shares of to a “buy” rating and set a GBX 1,180 ($15.42) price target for the company in a research note on Tuesday, June 4th. Berenberg Bank set a €126.00 ($146.51) price target on shares of Nemetschek and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of COMPASS GRP PLC/S in a research note on Tuesday, April 9th. Finally, Bank of America reiterated a “buy” rating on shares of Continental in a research note on Wednesday, May 15th.

LON:EMG traded up GBX 2 ($0.03) on Tuesday, reaching GBX 165 ($2.16). 2,899,333 shares of the stock traded hands, compared to its average volume of 9,940,000. The firm has a market capitalization of $2.54 billion and a P/E ratio of 9.71. The company has a quick ratio of 2.92, a current ratio of 3.38 and a debt-to-equity ratio of 9.42. Man Group has a 12 month low of GBX 124.15 ($1.62) and a 12 month high of GBX 185.40 ($2.42). The stock’s fifty day moving average is GBX 152.67.

About Man Group

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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Analyst Recommendations for Man Group (LON:EMG)

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