Man Group Plc (LON:EMG)’s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 200.60 ($2.69) and last traded at GBX 198.80 ($2.66), with a volume of 4443064 shares trading hands. The stock had previously closed at GBX 198.80 ($2.66).
Several equities analysts have weighed in on EMG shares. J P Morgan Chase & Co raised their target price on Man Group from GBX 190 ($2.54) to GBX 210 ($2.81) and gave the company an “overweight” rating in a report on Wednesday, October 25th. Credit Suisse Group restated an “outperform” rating and set a GBX 195 ($2.61) target price on shares of Man Group in a report on Tuesday, September 12th. Macquarie restated a “neutral” rating and set a GBX 163 ($2.18) target price on shares of Man Group in a report on Tuesday, August 29th. Numis Securities restated a “hold” rating and set a GBX 155 ($2.08) target price on shares of Man Group in a report on Friday, October 13th. Finally, Jefferies Group raised their target price on Man Group from GBX 164 ($2.20) to GBX 192 ($2.57) and gave the company a “hold” rating in a report on Wednesday, October 18th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Man Group presently has an average rating of “Hold” and a consensus price target of GBX 177.08 ($2.37).
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About Man Group
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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