Man Group (LON:EMG) Rating Lowered to "Neutral" at Citigroup

Citigroup lowered shares of Man Group (LON:EMG - Free Report) to a neutral rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The firm currently has GBX 185 ($2.50) price target on the investment management company's stock, down from their previous price target of GBX 265 ($3.57).

Separately, JPMorgan Chase & Co. decreased their target price on Man Group from GBX 247 ($3.33) to GBX 242 ($3.26) and set an "overweight" rating on the stock in a report on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 262.50 ($3.54).

Man Group Price Performance

Shares of EMG stock traded down GBX 2.40 ($0.03) during trading hours on Wednesday, hitting GBX 174.50 ($2.35). 3,519,281 shares of the company's stock were exchanged, compared to its average volume of 6,591,577. The stock's 50-day moving average is GBX 173.47 and its 200-day moving average is GBX 189.31. 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 market cap of £2.52 billion, a price-to-earnings ratio of 8.23, 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 ($2.03) and a 52 week high of GBX 261.60 ($3.53).

About Man Group

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.