Man Group Plc (LON:EMG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Man Group Plc (LON:EMG) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 278 ($3.78).

EMG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Man Group from GBX 247 ($3.36) to GBX 242 ($3.29) and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Citigroup lowered shares of Man Group to a “neutral” rating and dropped their price target for the company from GBX 265 ($3.60) to GBX 185 ($2.51) in a research report on Wednesday.

Man Group Stock Down 1.0%

Shares of LON EMG opened at GBX 171.32 ($2.33) on Wednesday. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. The company has a 50-day moving average price of GBX 172.93 and a 200-day moving average price of GBX 189.91. Man Group has a 1 year low of GBX 150.40 ($2.04) and a 1 year high of GBX 261.60 ($3.56). The stock has a market capitalization of £2.47 billion, a P/E ratio of 8.08, a P/E/G ratio of -1.15 and a beta of 0.71.

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.