BNP Paribas upgraded shares of Man Group (LON:EMG) to an outperform rating in a research report sent to investors on Wednesday morning, Stock Target Advisor reports. The brokerage currently has GBX 170 ($2.24) price objective on the investment management company’s stock, up from their previous price objective of GBX 160 ($2.10).

A number of other analysts also recently weighed in on the stock. Citigroup began coverage on shares of Man Group in a research report on Friday, January 24th. They set a neutral rating for the company. Goldman Sachs Group decreased their target price on shares of Man Group from GBX 175 ($2.30) to GBX 160 ($2.10) and set a neutral rating for the company in a research report on Monday, October 28th. Credit Suisse Group increased their target price on shares of Man Group from GBX 170 ($2.24) to GBX 180 ($2.37) and gave the company an outperform rating in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on shares of Man Group from GBX 180 ($2.37) to GBX 173 ($2.28) and set a neutral rating for the company in a research report on Tuesday, January 7th. Finally, Barclays cut Man Group to an equal weight rating and cut their price target for the stock from GBX 180 ($2.37) to GBX 165 ($2.17) in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 181.11 ($2.38).

LON:EMG traded down GBX 2.82 ($0.04) on Wednesday, reaching GBX 159.58 ($2.10). 1,110,667 shares of the stock traded hands, compared to its average volume of 9,940,000. The firm has a market capitalization of $2.41 billion and a price-to-earnings ratio of 8.67. The company’s 50 day moving average is GBX 154.81 and its 200-day moving average is GBX 157.25. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 28.83. Man Group has a 1-year low of GBX 128.35 ($1.69) and a 1-year high of GBX 177.10 ($2.33).

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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