Shares of Man Group Plc (LON:EMG) shot up 1.7% on Tuesday . The company traded as high as GBX 179.90 ($2.37) and last traded at GBX 179.50 ($2.36). 5,864,847 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 4,369,220 shares. The stock had previously closed at GBX 176.50 ($2.32).
A number of research firms recently weighed in on EMG. Credit Suisse Group restated an “outperform” rating on shares of Man Group Plc in a research note on Friday, July 21st. Barclays PLC restated an “equal weight” rating and issued a GBX 170 ($2.24) price target on shares of Man Group Plc in a research note on Wednesday, August 2nd. Shore Capital restated a “buy” rating on shares of Man Group Plc in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) lifted their price target on Man Group Plc from GBX 170 ($2.24) to GBX 175 ($2.30) and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Liberum Capital restated a “buy” rating and issued a GBX 177 ($2.33) price target on shares of Man Group Plc in a research note on Tuesday, August 1st. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 166.46 ($2.19).
The stock has a 50-day moving average of GBX 167.10 and a 200 day moving average of GBX 157.97. The stock’s market capitalization is GBX 2.96 billion.
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Man Group Plc Company Profile
Man Group plc provides alternative investment management services worldwide. The company offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries.
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