JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Man Group (LON:EMG) Stock

Man Group (LON:EMG) had its price target upped by research analysts at JPMorgan Chase & Co. from GBX 167 ($2.24) to GBX 170 ($2.28) in a report issued on Wednesday, MarketBeat.com reports. The firm currently has a “neutral” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 7.05% from the stock’s current price.

Separately, Citigroup cut shares of Man Group to a “neutral” rating and reduced their price objective for the stock from GBX 265 ($3.56) to GBX 185 ($2.48) in a research report on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Man Group currently has an average rating of “Hold” and a consensus target price of GBX 250.50 ($3.36).

Man Group Trading Up 2.4%

Shares of EMG stock opened at GBX 182.90 ($2.46) on Wednesday. Man Group has a 1-year low of GBX 150.40 ($2.02) and a 1-year high of GBX 260.73 ($3.50). The company has a market cap of £2.64 billion, a price-to-earnings ratio of 8.63, a PEG ratio of -1.15 and a beta of 0.71. 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 stock has a 50 day simple moving average of GBX 174.23 and a 200-day simple moving average of GBX 188.41.

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.