JPMorgan Chase & Co. Issues Positive Forecast for Man Group (LON:EMG) Stock Price

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

Separately, Citigroup downgraded Man Group to a "neutral" rating and decreased their price objective for the stock from GBX 265 ($3.56) to GBX 185 ($2.48) in a research note on Wednesday, July 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 235.80 ($3.17).

Man Group Stock Performance

Shares of LON:EMG traded up GBX 0.40 ($0.01) during midday trading on Wednesday, reaching GBX 183.30 ($2.46). 1,842,440 shares of the company's stock traded hands, compared to its average volume of 6,470,206. The company has a market cap of £2.65 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. Man Group has a one year low of GBX 150.40 ($2.02) and a one year high of GBX 260.73 ($3.50). The stock has a 50 day moving average of GBX 174.44 and a 200 day moving average of GBX 188.20.

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.