Man Group (OTCMKTS:MNGPF) Upgraded by Canaccord Genuity Group to “Buy” Rating

Man Group (OTCMKTS:MNGPF) was upgraded by equities research analysts at Canaccord Genuity Group from a “sell” rating to a “buy” rating in a report issued on Wednesday.

A number of other equities analysts also recently issued reports on the company. UBS Group downgraded Man Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of Man Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Canaccord Genuity Group raised shares of Man Group from a “sell” rating to a “buy” rating in a report on Wednesday.

Man Group Price Performance

Shares of MNGPF stock remained flat at $2.65 during trading hours on Wednesday. The company has a 50-day simple moving average of $2.66 and a two-hundred day simple moving average of $2.88. Man Group has a twelve month low of $2.55 and a twelve month high of $3.55.

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.