Man Group Plc (LON:EMG) Receives GBX 278 Consensus Price Target from Analysts

Man Group Plc (LON:EMG - Get Free Report) has received a consensus rating of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 262.50 ($3.54).

Several research analysts have recently commented on the company. Citigroup downgraded Man Group to a "neutral" rating and decreased their price objective for the stock from GBX 265 ($3.57) to GBX 185 ($2.50) in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on Man Group from GBX 247 ($3.33) to GBX 242 ($3.26) and set an "overweight" rating for the company in a report on Thursday, March 20th.

Man Group Stock Performance

Shares of LON EMG traded down GBX 2.40 ($0.03) during trading on Wednesday, hitting GBX 174.50 ($2.35). The company had a trading volume of 3,519,281 shares, compared to its average volume of 6,591,577. The stock has a 50 day simple moving average of GBX 173.47 and a 200 day simple moving average of GBX 189.17. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. Man Group has a 12 month low of GBX 150.40 ($2.03) and a 12 month high of GBX 261.60 ($3.53). The firm has a market capitalization of £2.52 billion, a P/E ratio of 8.23, a price-to-earnings-growth 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.