Man Group (LON:EMG) had its target price cut by Jefferies Financial Group from GBX 185 ($2.43) to GBX 150 ($1.97) in a research note published on Monday, Stock Target Advisor reports. They currently have a buy rating on the investment management company’s stock.
Other research analysts have also issued research reports about the stock. Citigroup assumed coverage on shares of Man Group in a research note on Friday, January 24th. They set a neutral rating on the stock. BNP Paribas upgraded shares of Man Group to an outperform rating and upped their price target for the company from GBX 160 ($2.10) to GBX 170 ($2.24) in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on shares of Man Group from GBX 161 ($2.12) to GBX 128 ($1.68) and set a neutral rating on the stock in a research note on Wednesday, March 18th. Credit Suisse Group cut their price target on shares of Man Group from GBX 180 ($2.37) to GBX 160 ($2.10) and set an outperform rating on the stock in a research note on Thursday, March 5th. Finally, UBS Group restated a neutral rating on shares of Man Group in a research note on Friday, March 13th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 164.78 ($2.17).
LON EMG opened at GBX 123.85 ($1.63) on Monday. The company has a quick ratio of 2.22, a current ratio of 2.56 and a debt-to-equity ratio of 21.12. The firm has a market cap of $1.87 billion and a PE ratio of 6.73. The company has a 50 day moving average price of GBX 136.26 and a 200 day moving average price of GBX 151.03. Man Group has a 52 week low of GBX 84.72 ($1.11) and a 52 week high of GBX 177.10 ($2.33).
The firm also recently disclosed a dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 2nd will be issued a $0.05 dividend. This represents a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, April 2nd. Man Group’s dividend payout ratio (DPR) is currently 0.43%.
In other Man Group news, insider Luke Ellis acquired 626,982 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average cost of GBX 95 ($1.25) per share, with a total value of £595,632.90 ($783,521.31).
Man Group Company Profile
Man Group plc provides alternative investment management services worldwide. The company offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries.
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