Man Group Plc (EMG) Receives Consensus Rating of “Hold” from Analysts

Shares of Man Group Plc (LON:EMG) have been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 193.83 ($2.68).

Several equities research analysts have weighed in on EMG shares. Goldman Sachs increased their price target on Man Group from GBX 182 ($2.51) to GBX 210 ($2.90) and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Liberum Capital reaffirmed a “buy” rating on shares of Man Group in a research report on Friday, February 2nd. Shore Capital reaffirmed a “buy” rating on shares of Man Group in a research report on Wednesday, February 28th. 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 report on Thursday, February 22nd. Finally, Numis Securities cut their price target on Man Group from GBX 189 ($2.61) to GBX 165 ($2.28) and set a “hold” rating on the stock in a research report on Wednesday, March 7th.

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In other news, insider Jonathan Sorrell sold 97,095 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of GBX 175 ($2.42), for a total transaction of £169,916.25 ($234,755.80). Also, insider Lord Livingston bought 29,651 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were acquired at an average price of GBX 167 ($2.31) per share, for a total transaction of £49,517.17 ($68,412.78).

Shares of EMG stock traded down GBX 1.25 ($0.02) on Wednesday, reaching GBX 170.25 ($2.35). The company’s stock had a trading volume of 5,960,006 shares, compared to its average volume of 9,940,000. Man Group has a 12 month low of GBX 140.49 ($1.94) and a 12 month high of GBX 219.20 ($3.03).

The firm also recently announced a dividend, which will be paid on Friday, May 18th. Stockholders of record on Thursday, April 26th will be given a dividend of GBX 4.18 ($0.06) per share. The ex-dividend date is Thursday, April 26th. This is a boost from Man Group’s previous dividend of $3.79. This represents a dividend yield of 2.55%.

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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.

Analyst Recommendations for Man Group (LON:EMG)

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