Man Group’s (EMG) Buy Rating Reaffirmed at Shore Capital
EMG has been the subject of several other research reports. UBS Group reissued a neutral rating and set a GBX 190 ($2.48) price target on shares of Man Group in a report on Wednesday, August 1st. Numis Securities reduced their price target on shares of Man Group from GBX 185 ($2.42) to GBX 178 ($2.33) and set a hold rating for the company in a report on Wednesday, August 8th. Finally, Jefferies Financial Group raised shares of Man Group to a buy rating and boosted their price target for the company from GBX 192 ($2.51) to GBX 214 ($2.80) in a report on Monday, July 23rd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of GBX 204.55 ($2.67).
Shares of EMG traded down GBX 5.05 ($0.07) during midday trading on Friday, hitting GBX 140.40 ($1.83). 22,763,846 shares of the stock traded hands, compared to its average volume of 9,940,000. Man Group has a 1-year low of GBX 140.49 ($1.84) and a 1-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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