JPMorgan Chase & Co. Boosts Man Group (LON:EMG) Price Target to GBX 170

Man Group (LON:EMG - Free Report) had its price target increased by JPMorgan Chase & Co. from GBX 167 ($2.24) to GBX 170 ($2.28) in a research report report published on Wednesday, Marketbeat reports. JPMorgan Chase & Co. currently has a neutral rating on the investment management company's stock.

Separately, Citigroup cut Man Group to a "neutral" rating and cut their target price for the stock from GBX 265 ($3.56) to GBX 185 ($2.48) in a report on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of GBX 250.50 ($3.36).

Man Group Stock Up 2.4%

EMG stock traded up GBX 4.20 ($0.06) during trading on Wednesday, reaching GBX 182.90 ($2.45). 2,981,615 shares of the stock were exchanged, compared to its average volume of 6,503,984. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. Man Group has a twelve month low of GBX 150.40 ($2.02) and a twelve month high of GBX 260.73 ($3.50). The firm's 50 day moving average is GBX 174.01 and its 200 day moving average is GBX 188.61. The firm has a market cap of £2.64 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

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.