Citigroup Issues Positive Forecast for Man Group (LON:EMG) Stock Price

Man Group (LON:EMG) had its target price raised by Citigroup from GBX 190 to GBX 275 in a research note published on Tuesday morning, MarketBeat.com reports. The firm currently has a neutral rating on the investment management company’s stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group upped their price objective on shares of Man Group from GBX 240 to GBX 280 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Man Group from GBX 188 to GBX 209 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Man Group from GBX 225 to GBX 250 and gave the company a “buy” rating in a research note on Friday, October 17th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 253.50.

Man Group Stock Down 1.8%

Shares of EMG stock opened at GBX 258.20 on Tuesday. The stock’s fifty day moving average price is GBX 224.34 and its 200 day moving average price is GBX 194.83. Man Group has a 1-year low of GBX 150.40 and a 1-year high of GBX 272.20. The company has a market cap of £2.88 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth 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.

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. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.