Trade Report: Today, Man Group Plc’s (EMG) Buy Rating Reiterated at Citigroup Inc.

Today, Man Group Plc’s (EMG) Buy Rating Reiterated at Citigroup Inc.

Man Group Plc (LON:EMG)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc. in a research report issued to clients and investors on Monday. They presently have a GBX 145 ($1.79) price target on the investment management company’s stock. Citigroup Inc.’s price target points to a potential upside of 17.22% from the stock’s previous close.

Several other equities analysts have also commented on EMG. BNP Paribas restated an “outperform” rating and set a GBX 140 ($1.73) price target on shares of Man Group Plc in a research report on Monday, June 27th. JPMorgan Chase & Co. lowered their price target on shares of Man Group Plc from GBX 170 ($2.10) to GBX 125 ($1.55) and set a “neutral” rating for the company in a research report on Wednesday, June 29th. Barclays PLC lowered their price target on shares of Man Group Plc from GBX 145 ($1.79) to GBX 130 ($1.61) and set an “equal weight” rating for the company in a research report on Thursday, June 30th. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a GBX 155 ($1.92) price target on shares of Man Group Plc in a research report on Monday, July 4th. Finally, Jefferies Group lowered their price target on shares of Man Group Plc from GBX 180 ($2.23) to GBX 141 ($1.75) and set a “buy” rating for the company in a research report on Tuesday, July 5th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 142.25 ($1.76).

Man Group Plc (LON:EMG) opened at 123.80 on Monday. Man Group Plc has a 12 month low of GBX 102.50 and a 12 month high of GBX 176.70. The firm’s 50-day moving average is GBX 114.11 and its 200-day moving average is GBX 125.48. The firm’s market cap is GBX 2.08 billion.

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