Man Group (LON:EMG) had its price target lowered by Numis Securities from GBX 189 ($2.61) to GBX 165 ($2.28) in a research note released on Wednesday morning. The brokerage currently has a hold rating on the investment management company’s stock.
Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price target on Man Group from GBX 215 ($2.97) to GBX 225 ($3.11) and gave the stock an overweight rating in a research note on Thursday, January 25th. Liberum Capital reissued a buy rating on shares of Man Group in a research note on Friday, February 2nd. Credit Suisse Group increased their price target on Man Group from GBX 195 ($2.69) to GBX 243 ($3.36) and gave the stock an outperform rating in a research note on Wednesday, January 31st. Shore Capital reissued a buy rating on shares of Man Group in a research note on Wednesday, February 28th. Finally, Morgan Stanley increased their price target on Man Group from GBX 149 ($2.06) to GBX 223 ($3.08) and gave the stock an equal weight rating in a research note on Thursday, February 22nd. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 192.54 ($2.66).
Man Group (EMG) opened at GBX 172.45 ($2.38) on Wednesday. Man Group has a 52 week low of GBX 140.49 ($1.94) and a 52 week high of GBX 219.20 ($3.03).
In related news, insider Lord Livingston bought 29,651 shares of Man Group stock in a transaction dated Thursday, March 1st. The stock was acquired at an average cost of GBX 167 ($2.31) per share, with a total value of £49,517.17 ($68,412.78).
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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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