Man Group Plc (OTCMKTS:MNGPF – Get Free Report) shot up 8.2% on Thursday. The company traded as high as $4.66 and last traded at $4.3935. 959 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 12,204 shares. The stock had previously closed at $4.06.
Analyst Upgrades and Downgrades
Several brokerages have commented on MNGPF. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Man Group in a research note on Friday, October 2nd. Citigroup restated a “buy” rating on shares of Man Group in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on MNGPF
Man Group Stock Performance
The business’s fifty day moving average price is $4.07 and its 200-day moving average price is $3.82.
Man Group Company Profile
Man Group plc is a global active investment management firm headquartered in London. The company provides investment solutions for institutional investors, private clients and other intermediaries, managing assets across a range of public and private markets.
Its principal activities include discretionary and systematic investing, alternative strategies, long-only equities and fixed income, multi-asset portfolios, and tailored investment solutions. The firm offers strategies across hedge funds, liquid alternatives, private markets and traditional asset classes, supported by research, portfolio management and technology.
Man Group traces its origins to 1783, when James Man established a sugar brokerage in London.
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