Man Group (OTCMKTS:MNGPF) Shares Up 0.6% – Here’s What Happened

Man Group Plc (OTCMKTS:MNGPF) shares were up 0.6% during mid-day trading on Wednesday . The stock traded as high as $2.74 and last traded at $2.65. Approximately 10,353 shares changed hands during trading, an increase of 350% from the average daily volume of 2,299 shares. The stock had previously closed at $2.64.

Analysts Set New Price Targets

A number of research analysts recently commented on MNGPF shares. Canaccord Genuity Group raised Man Group from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. UBS Group downgraded shares of Man Group from a “buy” rating to a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of Man Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Canaccord Genuity Group upgraded shares of Man Group from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th.

Man Group Trading Up 0.6 %

The business’s 50 day moving average is $2.62 and its 200 day moving average is $2.78.

About Man Group

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.