Man Group (LON:EMG) Price Target Raised to GBX 275

Man Group (LON:EMG) had its price target hoisted by stock analysts at Citigroup from GBX 190 to GBX 275 in a report released on Tuesday,Digital Look reports. The brokerage presently has a “neutral” rating on the investment management company’s stock. Citigroup’s price target suggests a potential upside of 6.10% from the stock’s previous close.

A number of other brokerages have also commented on EMG. JPMorgan Chase & Co. increased their price objective on Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a report on Friday, November 14th. Jefferies Financial Group upped their price objective on Man Group from GBX 240 to GBX 280 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a research note on Friday, October 17th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Man Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 253.50.

Man Group Trading Down 1.4%

LON:EMG opened at GBX 259.20 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76. The business’s 50 day moving average is GBX 223.40 and its two-hundred day moving average is GBX 194.24. The company has a market cap of £2.89 billion, a PE ratio of 16.51, a P/E/G ratio of -1.15 and a beta of 0.71. Man Group has a 52 week low of GBX 150.40 and a 52 week high of GBX 272.20.

Man Group Company Profile

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.