Man Group (LON:EMG) had its target price cut by equities research analysts at Numis Securities from GBX 185 ($2.39) to GBX 178 ($2.30) in a research report issued on Wednesday. The firm currently has a “hold” rating on the investment management company’s stock. Numis Securities’ price objective points to a potential upside of 2.03% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Shore Capital boosted their price objective on Man Group from GBX 175.50 ($2.27) to GBX 186 ($2.41) and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Jefferies Financial Group raised Man Group to a “buy” rating and boosted their price objective for the stock from GBX 192 ($2.49) to GBX 214 ($2.77) in a research report on Monday, July 23rd. UBS Group reissued a “neutral” rating and issued a GBX 190 ($2.46) price objective on shares of Man Group in a research report on Wednesday, August 1st. Finally, BNP Paribas lowered Man Group to a “neutral” rating in a research note on Friday, May 18th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Man Group currently has a consensus rating of “Buy” and a consensus price target of GBX 202.25 ($2.62).
Man Group opened at GBX 174.45 ($2.26) on Wednesday, MarketBeat.com reports. Man Group has a 1-year low of GBX 140.49 ($1.82) and a 1-year high of GBX 219.20 ($2.84).
In other Man Group news, insider Sandy Rattray sold 303,865 shares of the business’s stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of GBX 193 ($2.50), for a total value of £586,459.45 ($759,170.81).
About Man Group
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.
Further Reading: How are Outstanding Shares Different from Authorized Shares?
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