Man Group (LON:EMG) had its price target upped by research analysts at UBS Group from GBX 170 ($2.22) to GBX 185 ($2.42) in a research note issued on Friday, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the investment management company’s stock. UBS Group’s price target would suggest a potential upside of 18.74% from the stock’s current price.
EMG has been the subject of several other reports. Shore Capital reiterated a “buy” rating on shares of Man Group in a research note on Thursday, April 11th. Credit Suisse Group began coverage on Man Group in a research note on Friday, March 29th. They set an “outperform” rating and a GBX 180 ($2.35) price objective for the company. JPMorgan Chase & Co. cut their price objective on Man Group from GBX 160 ($2.09) to GBX 155 ($2.03) and set a “neutral” rating for the company in a research note on Friday, April 12th. Goldman Sachs Group lowered Man Group to a “neutral” rating and cut their price objective for the stock from GBX 205 ($2.68) to GBX 150 ($1.96) in a research note on Monday, May 13th. Finally, Jefferies Financial Group cut their price objective on Man Group from GBX 214 ($2.80) to GBX 175 ($2.29) and set a “buy” rating for the company in a research note on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Man Group presently has a consensus rating of “Buy” and an average target price of GBX 174.63 ($2.28).
LON:EMG opened at GBX 155.80 ($2.04) on Friday. Man Group has a 12 month low of GBX 124.15 ($1.62) and a 12 month high of GBX 187.40 ($2.45). The business’s 50 day moving average price is GBX 148.35. 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 stock has a market cap of $2.40 billion and a price-to-earnings ratio of 9.16.
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.
Further Reading: Certificate of Deposit (CD)
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