Man Group (LON:EMG)‘s stock had its “underweight” rating restated by HSBC in a research note issued on Friday, Analyst Ratings Network.com reports. They currently have a GBX 87 ($1.35) price target on the stock. HSBC’s target price would suggest a potential downside of 5.90% from the stock’s previous close.
Shares of Man Group (LON:EMG) traded down 3.08% during mid-day trading on Friday, hitting GBX 89.60. Man Group has a one year low of GBX 70.60 and a one year high of GBX 136.00. The stock’s 50-day moving average is currently GBX 82.79.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd raised their price target on shares of Man Group from GBX 67 ($1.04) to GBX 71 ($1.10) in a research note to investors on Tuesday, August 6th. They now have a “sell” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Man Group from GBX 85 ($1.32) to GBX 100 ($1.55) in a research note to investors on Tuesday, August 6th. They now have a “neutral” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Man Group from GBX 90 ($1.40) to GBX 98 ($1.52) in a research note to investors on Monday, August 5th. They now have a “neutral” rating on the stock.
Seven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 95.83 ($1.49).
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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