Man Group (LON:EMG – Get Rating) had its target price boosted by Barclays from GBX 280 ($3.38) to GBX 290 ($3.50) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has an “equal weight” rating on the investment management company’s stock. Barclays’s price objective would suggest a potential upside of 33.33% from the stock’s current price.
A number of other research analysts have also commented on EMG. Shore Capital reaffirmed a “buy” rating on shares of Man Group in a report on Tuesday, August 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 280 ($3.38) price objective on shares of Man Group in a report on Friday, September 30th. Finally, JPMorgan Chase & Co. decreased their price objective on Man Group from GBX 322 ($3.89) to GBX 313 ($3.78) and set an “overweight” rating on the stock in a report on Friday, August 5th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 296 ($3.58).
Man Group Stock Performance
Shares of EMG stock traded up GBX 9.60 ($0.12) during trading on Thursday, reaching GBX 217.50 ($2.63). 6,603,284 shares of the company’s stock were exchanged, compared to its average volume of 4,996,689. The company has a quick ratio of 1.58, a current ratio of 1.80 and a debt-to-equity ratio of 23.80. The stock has a market capitalization of £2.78 billion and a PE ratio of 587.84. Man Group has a twelve month low of GBX 177.30 ($2.14) and a twelve month high of GBX 277 ($3.35). The firm’s fifty day moving average price is GBX 241.95 and its 200-day moving average price is GBX 244.12.
Man Group Company Profile
Man Group Plc is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.