Man Group (LON:EMG) had its price objective boosted by UBS Group from GBX 185 ($2.42) to GBX 195 ($2.55) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports. UBS Group currently has a buy rating on the investment management company’s stock.
Several other equities analysts also recently weighed in on EMG. Shore Capital restated a buy rating on shares of Man Group in a research report on Wednesday, July 31st. Credit Suisse Group raised their target price on Man Group from GBX 180 ($2.35) to GBX 188 ($2.46) and gave the company an outperform rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. raised their target price on Man Group from GBX 155 ($2.03) to GBX 170 ($2.22) and gave the company a neutral rating in a research report on Monday, July 8th. Berenberg Bank began coverage on Man Group in a research report on Tuesday, April 23rd. They issued a buy rating and a GBX 206 ($2.69) target price on the stock. Finally, Bank of America restated a neutral rating on shares of Man Group in a research report on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Man Group currently has a consensus rating of Buy and a consensus target price of GBX 178.75 ($2.34).
LON EMG opened at GBX 163.15 ($2.13) on Tuesday. The company has a market cap of $2.50 billion and a PE ratio of 8.92. The stock’s 50 day simple moving average is GBX 162.62 and its 200-day simple moving average is GBX 149.32. Man Group has a 1-year low of GBX 124.15 ($1.62) and a 1-year high of GBX 183.65 ($2.40). The company has a debt-to-equity ratio of 28.83, a current ratio of 1.22 and a quick ratio of 1.09.
The company also recently announced a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 8th will be given a GBX 3.87 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a dividend yield of 2.25%. Man Group’s dividend payout ratio (DPR) is presently 0.44%.
Man Group Company Profile
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.
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