Man Group (LON:EMG) had its target price cut by Credit Suisse Group from GBX 200 ($2.61) to GBX 175 ($2.29) in a report issued on Wednesday. The firm presently has an “outperform” rating on the investment management company’s stock. Credit Suisse Group’s target price would suggest a potential upside of 29.06% from the company’s previous close.
A number of other analysts have also commented on EMG. Numis Securities reduced their price objective on shares of Man Group from GBX 185 ($2.42) to GBX 178 ($2.33) and set a “hold” rating for the company in a research note on Wednesday, August 8th. UBS Group reaffirmed a “neutral” rating and set a GBX 190 ($2.48) price objective on shares of Man Group in a research note on Thursday, August 9th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Man Group in a research note on Friday, October 12th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 198.78 ($2.60).
EMG stock opened at GBX 135.60 ($1.77) on Wednesday. Man Group has a one year low of GBX 140.49 ($1.84) and a one year high of GBX 219.20 ($2.86).
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: Institutional Investors
Receive News & Ratings for Man Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Man Group and related companies with MarketBeat.com's FREE daily email newsletter.