JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Man Group (LON:EMG) Stock

Key Points

• JPMorgan Chase & Co. has raised its price target for Man Group (LON:EMG) stock from GBX 170 to GBX 175, indicating a potential upside of 5.51%.
• Deutsche Bank has given a "buy" rating with a price target of GBX 205, while Citigroup has downgraded its rating to "neutral" with a reduced price target of GBX 185.
• Man Group's current consensus rating is a "Moderate Buy" with a target price of GBX 221.80, reflecting a mixed sentiment from analysts.

Man Group (LON:EMG - Get Free Report) had its target price raised by stock analysts at JPMorgan Chase & Co. from GBX 170 ($2.26) to GBX 175 ($2.32) in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has a "neutral" rating on the investment management company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 5.51% from the company's previous close.

EMG has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 205 ($2.72) price target on shares of Man Group in a research report on Thursday. Citigroup cut shares of Man Group to a "neutral" rating and dropped their price target for the company from GBX 265 ($3.52) to GBX 185 ($2.46) in a research report on Wednesday, July 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Man Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 221.80 ($2.95).

Man Group Stock Performance

Shares of EMG opened at GBX 165.87 ($2.20) on Monday. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. The stock has a 50-day moving average of GBX 174.96 and a 200-day moving average of GBX 185.67. The company has a market cap of £2.39 billion, a PE ratio of 7.82, a P/E/G ratio of -1.15 and a beta of 0.71. Man Group has a one year low of GBX 150.40 ($2.00) and a one year high of GBX 229.40 ($3.05).

Man Group Company Profile

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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