Man Group (LON:EMG) Price Target Cut to GBX 355 by Analysts at Deutsche Bank Aktiengesellschaft

Man Group (LON:EMG) had its price objective cut by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 365 to GBX 355 in a report released on Friday, Digital Look reports. The brokerage presently has a “hold” rating on the investment management company’s stock. Deutsche Bank Aktiengesellschaft‘s price objective suggests a potential upside of 17.94% from the company’s current price.

Other research analysts have also issued reports about the stock. Jefferies Financial Group raised their target price on shares of Man Group from GBX 345 to GBX 385 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Citigroup boosted their target price on shares of Man Group from GBX 325 to GBX 335 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 321.

Man Group Trading Down 6.4%

Shares of EMG stock opened at GBX 301 on Friday. Man Group has a 12 month low of GBX 197 and a 12 month high of GBX 348.80. The company has a market cap of £3.34 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of -1.15 and a beta of 0.63. The company has a quick ratio of 1.58, a current ratio of 2.40 and a debt-to-equity ratio of 19.06. The business’s 50 day moving average is GBX 325.06 and its two-hundred day moving average is GBX 289.54.

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. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.