Man Group (EMG) PT Raised to GBX 190

Man Group (LON:EMG) had its price target hoisted by BNP Paribas from GBX 160 ($2.25) to GBX 190 ($2.67) in a research note issued on Thursday. The brokerage currently has an “outperform” rating on the investment management company’s stock. BNP Paribas’ price target indicates a potential upside of 7.56% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Goldman Sachs lifted their price objective on shares of Man Group from GBX 182 ($2.55) to GBX 210 ($2.95) and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Liberum Capital reaffirmed a “buy” rating on shares of Man Group in a research note on Friday, February 2nd. Shore Capital reaffirmed a “buy” rating on shares of Man Group in a research note on Wednesday, February 28th. Morgan Stanley lifted their price objective on shares of Man Group from GBX 149 ($2.09) to GBX 223 ($3.13) and gave the stock an “equal weight” rating in a research note on Thursday, February 22nd. Finally, Numis Securities lowered their price objective on shares of Man Group from GBX 189 ($2.65) to GBX 165 ($2.32) and set a “hold” rating on the stock in a research note on Wednesday, March 7th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 194.85 ($2.74).

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Shares of EMG opened at GBX 176.65 ($2.48) on Thursday. Man Group has a 12-month low of GBX 140.49 ($1.97) and a 12-month high of GBX 219.20 ($3.08).

In related news, insider Jonathan Sorrell sold 97,095 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of GBX 175 ($2.46), for a total transaction of £169,916.25 ($238,512.42). Also, insider Lord Livingston purchased 29,651 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were bought at an average price of GBX 167 ($2.34) per share, with a total value of £49,517.17 ($69,507.54).

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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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