Man Group Plc (LON:EMG) Receives GBX 278 Average Price Target from Brokerages

Man Group Plc (LON:EMG - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 262.50 ($3.57).

A number of research analysts have recently issued reports on the stock. Citigroup cut shares of Man Group to a "neutral" rating and reduced their price objective for the company from GBX 265 ($3.60) to GBX 185 ($2.51) in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Man Group from GBX 247 ($3.36) to GBX 242 ($3.29) and set an "overweight" rating for the company in a report on Thursday, March 20th.

Man Group Stock Up 3.0%

LON:EMG traded up GBX 5.09 ($0.07) during trading hours on Wednesday, reaching GBX 176.89 ($2.40). The company had a trading volume of 3,212,548 shares, compared to its average volume of 6,614,852. 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 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 business's 50-day simple moving average is GBX 173.10 and its two-hundred day simple moving average is GBX 189.79. Man Group has a twelve month low of GBX 150.40 ($2.04) and a twelve month high of GBX 261.60 ($3.56).

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.