Man Group (LON:EMG) Stock Rating Lowered by Citigroup

Citigroup lowered shares of Man Group (LON:EMG - Free Report) to a neutral rating in a report issued on Wednesday, MarketBeat reports. Citigroup 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. lowered their target price on shares of Man Group from GBX 247 ($3.36) to GBX 242 ($3.29) and set an "overweight" rating on the stock in a research note 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 262.50 ($3.57).

Man Group Price Performance

Man Group stock traded up GBX 5.09 ($0.07) during trading on Wednesday, reaching GBX 176.89 ($2.40). The company had a trading volume of 3,212,551 shares, compared to its average volume of 6,614,852. The firm's 50-day simple moving average is GBX 173.10 and its 200 day simple moving average is GBX 189.79. Man Group has a 1-year low of GBX 150.40 ($2.04) and a 1-year high of GBX 261.60 ($3.55). The firm has a market capitalization of £2.55 billion, a PE ratio of 8.34, a price-to-earnings-growth 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.

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.