Man Group (LON:EMG - Free Report) had its price target raised by JPMorgan Chase & Co. from GBX 170 ($2.29) to GBX 175 ($2.35) in a research note issued to investors on Monday morning, MarketBeat reports. The firm currently has a neutral rating on the investment management company's stock.
Several other equities analysts have also recently issued reports on EMG. Citigroup cut Man Group to a "neutral" rating and decreased their price target for the company from GBX 265 ($3.56) to GBX 185 ($2.49) in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 205 ($2.76) price target on shares of Man Group in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Man Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 218.80 ($2.94).
Check Out Our Latest Stock Analysis on Man Group
Man Group Price Performance
Shares of EMG stock traded down GBX 1.86 ($0.03) during trading hours on Monday, hitting GBX 157.44 ($2.12). 9,059,480 shares of the company's stock were exchanged, compared to its average volume of 6,283,284. The stock's 50-day moving average is GBX 174.30 and its 200-day moving average is GBX 184.76. The stock has a market cap of £2.27 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. Man Group has a 52 week low of GBX 150.40 ($2.02) and a 52 week high of GBX 229.40 ($3.08). The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58.
Man Group Company Profile
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With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers' capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society.
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