Man Group (LON:EMG) Downgraded by Citigroup to "Neutral"

Citigroup cut shares of Man Group (LON:EMG - Free Report) to a neutral rating in a report published on Wednesday, Marketbeat Ratings reports. They currently have GBX 185 ($2.50) target price on the investment management company's stock, down from their prior target price of GBX 265 ($3.57).

Separately, JPMorgan Chase & Co. dropped 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 research 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 262.50 ($3.54).

Man Group Stock Down 1.4%

EMG stock traded down GBX 2.40 ($0.03) during mid-day trading on Wednesday, hitting GBX 174.50 ($2.35). The stock had a trading volume of 3,519,281 shares, compared to its average volume of 6,591,577. 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 1-year low of GBX 150.40 ($2.03) and a 1-year high of GBX 261.60 ($3.53). The company has a fifty day moving average of GBX 173.47 and a 200 day moving average of GBX 189.17. The stock has a market capitalization of £2.52 billion, a price-to-earnings ratio of 8.23, 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.