Citigroup Downgrades Man Group (LON:EMG) to Neutral

Citigroup cut shares of Man Group (LON:EMG - Free Report) to a neutral rating in a research report report published on Wednesday, MarketBeat.com reports. The firm currently has GBX 185 ($2.51) target price on the investment management company's stock, down from their previous target price of GBX 265 ($3.60).

Separately, JPMorgan Chase & Co. reduced their target price on Man Group from GBX 247 ($3.36) to GBX 242 ($3.29) 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 262.50 ($3.57).

Man Group Trading Down 0.7%

Shares of EMG stock traded down GBX 1.29 ($0.02) during mid-day trading on Wednesday, hitting GBX 171.81 ($2.34). 4,695,460 shares of the company's stock were exchanged, compared to its average volume of 6,640,820. Man Group has a fifty-two week low of GBX 150.40 ($2.04) and a fifty-two week high of GBX 261.60 ($3.56). The stock has a 50-day simple moving average of GBX 172.93 and a two-hundred day simple moving average of GBX 189.91. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76. The stock has a market cap of £2.48 billion, a price-to-earnings ratio of 8.11, a PEG ratio of -1.15 and a beta of 0.71.

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.