Shares of Man Group Plc (LON:EMG) shot up 0% during mid-day trading on Wednesday . The company traded as high as GBX 202.10 ($2.83) and last traded at GBX 201 ($2.82). 9,920,000 shares changed hands during mid-day trading, an increase of 109% from the average session volume of 4,740,000 shares. The stock had previously closed at GBX 201 ($2.82).
A number of brokerages have issued reports on EMG. Credit Suisse Group boosted their target price on Man Group from GBX 195 ($2.73) to GBX 243 ($3.41) and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Liberum Capital reissued a “buy” rating on shares of Man Group in a research report on Friday, February 2nd. JPMorgan Chase & Co. boosted their target price on Man Group from GBX 215 ($3.01) to GBX 225 ($3.15) and gave the company an “overweight” rating in a research report on Thursday, January 25th. Macquarie reissued a “neutral” rating and issued a GBX 193 ($2.71) target price on shares of Man Group in a research report on Wednesday, October 18th. Finally, Jefferies Group boosted their target price on Man Group from GBX 164 ($2.30) to GBX 192 ($2.69) and gave the company a “hold” rating in a research report on Wednesday, October 18th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 186.25 ($2.61).
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Man Group 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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