Man Group (EMG) Stock Rating Lowered by Goldman Sachs Group

Goldman Sachs Group downgraded shares of Man Group (LON:EMG) to a neutral rating in a research report report published on Monday, Digital Look reports. The firm currently has GBX 150 ($1.96) target price on the investment management company’s stock, down from their previous target price of GBX 205 ($2.68).

Several other equities analysts have also weighed in on EMG. Credit Suisse Group restated an outperform rating on shares of Man Group in a research report on Tuesday, April 30th. JPMorgan Chase & Co. reduced their price objective 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 research report on Friday, April 12th. Shore Capital restated a buy rating on shares of Man Group in a research report on Thursday, April 11th. UBS Group reduced their price objective 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 research report on Monday, April 8th. Finally, Jefferies Financial Group reduced their price objective on shares of Man Group from GBX 214 ($2.80) to GBX 175 ($2.29) and set a buy rating for the company in a research report on Tuesday, April 9th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Man Group presently has a consensus rating of Buy and a consensus price target of GBX 172.13 ($2.25).

Shares of EMG opened at GBX 150.10 ($1.96) on Monday. The stock has a market capitalization of $2.26 billion and a P/E ratio of 8.83. The company has a debt-to-equity ratio of 9.42, a current ratio of 3.38 and a quick ratio of 2.92. Man Group has a 52-week low of GBX 124.15 ($1.62) and a 52-week high of GBX 197.35 ($2.58).

The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be given a dividend of GBX 4.06 ($0.05) per share. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 3.02%. Man Group’s dividend payout ratio (DPR) is 0.47%.

In other news, insider Jonathan Sorrell sold 202,871 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 136 ($1.78), for a total transaction 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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Analyst Recommendations for Man Group (LON:EMG)

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