Man Group (LON:EMG) was downgraded by equities research analysts at UBS Group to a “neutral” rating in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports. They presently have a GBX 155 ($2.03) target price on the investment management company’s stock, down from their prior target price of GBX 195 ($2.55). UBS Group’s price target suggests a potential upside of 2.58% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the company. Shore Capital cut their price target on Man Group from GBX 280 ($3.66) to GBX 250 ($3.27) and set a “buy” rating for the company in a research note on Monday. Credit Suisse Group cut their price target on Man Group from GBX 196 ($2.56) to GBX 184 ($2.40) and set an “outperform” rating for the company in a research note on Monday, October 14th. Jefferies Financial Group restated a “buy” rating and set a GBX 185 ($2.42) price objective on shares of Man Group in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Man Group from GBX 155 ($2.03) to GBX 170 ($2.22) and gave the company a “neutral” rating in a research report on Monday, July 8th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 183.75 ($2.40).
Shares of EMG stock opened at GBX 151.10 ($1.97) on Friday. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 28.83. The stock has a market cap of $2.33 billion and a P/E ratio of 8.21. The stock has a 50 day simple moving average of GBX 164.49 and a 200 day simple moving average of GBX 158.23. Man Group has a 1 year low of GBX 124.15 ($1.62) and a 1 year high of GBX 177.10 ($2.31).
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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