Credit Suisse Group Raises Man Group (LON:EMG) Price Target to GBX 210

Man Group (LON:EMG) had its target price raised by stock analysts at Credit Suisse Group from GBX 190 ($2.48) to GBX 210 ($2.74) in a report released on Friday, Analyst Price Targets reports. The firm currently has an “outperform” rating on the investment management company’s stock. Credit Suisse Group’s price target would suggest a potential upside of 22.52% from the company’s current price.

A number of other equities research analysts also recently commented on EMG. Shore Capital reaffirmed a “buy” rating and issued a GBX 165.50 ($2.16) target price on shares of Man Group in a research report on Friday, April 16th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a “buy” rating and issued a GBX 175 ($2.29) target price on shares of Man Group in a research report on Wednesday, March 3rd. Citigroup reiterated a “buy” rating and set a GBX 175 ($2.29) price target on shares of Man Group in a research note on Wednesday, March 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Man Group from GBX 170 ($2.22) to GBX 180 ($2.35) and gave the stock an “overweight” rating in a research note on Wednesday, March 3rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 168.44 ($2.20).

LON:EMG opened at GBX 171.40 ($2.24) on Friday. The company has a current ratio of 2.32, a quick ratio of 1.97 and a debt-to-equity ratio of 21.91. Man Group has a 12 month low of GBX 1.41 ($0.02) and a 12 month high of GBX 172.08 ($2.25). The company has a market cap of £2.48 billion and a PE ratio of 25.97. The company has a 50 day simple moving average of GBX 164.12 and a two-hundred day simple moving average of GBX 145.04.

In related news, insider Mark Jones sold 161,423 shares of Man Group stock in a transaction on Thursday, March 11th. The shares were sold at an average price of GBX 154 ($2.01), for a total transaction of £248,591.42 ($324,786.28).

Man Group Company Profile

Man Group plc is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.

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Analyst Recommendations for Man Group (LON:EMG)

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