Man Group PLC (LON:EMG) has earned an average rating of “Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 183 ($2.39).
Several research analysts recently weighed in on EMG shares. JPMorgan Chase & Co. lowered Man Group to a “neutral” rating and lowered their price objective for the stock from GBX 170 ($2.22) to GBX 165 ($2.16) in a research report on Monday, January 21st. Credit Suisse Group lowered their price objective on Man Group from GBX 200 ($2.61) to GBX 175 ($2.29) and set an “outperform” rating for the company in a research report on Wednesday, December 5th. Finally, Shore Capital reiterated a “buy” rating on shares of Man Group in a research report on Friday, March 1st.
Get Man Group alerts:EMG stock opened at GBX 140.95 ($1.84) on Wednesday. Man Group has a 1 year low of GBX 140.49 ($1.84) and a 1 year high of GBX 219.20 ($2.86).
The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 4th will be issued a dividend of GBX 4.06 ($0.05) per share. This represents a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, April 4th.
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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