Man Group (LON:EMG) Cut to Neutral at Citigroup

Citigroup cut shares of Man Group (LON:EMG - Free Report) to a neutral rating in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have GBX 185 ($2.51) price objective on the investment management company's stock, down from their previous price objective of GBX 265 ($3.60).

Separately, JPMorgan Chase & Co. decreased their price target on 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 262.50 ($3.57).

Man Group Stock Performance

Man Group stock traded up GBX 5.09 ($0.07) during midday trading on Wednesday, reaching GBX 176.89 ($2.40). 3,212,548 shares of the company's stock were exchanged, compared to its average volume of 6,614,852. Man Group has a 52 week low of GBX 150.40 ($2.04) and a 52 week high of GBX 261.60 ($3.56). The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. The firm has a market cap of £2.55 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of -1.15 and a beta of 0.71. The stock's 50-day simple moving average is GBX 173.10 and its 200 day simple moving average is GBX 189.79.

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.