Man Group (LON:EMG) Raised to Buy at Canaccord Genuity Group

Man Group (LON:EMGGet Free Report) was upgraded by stock analysts at Canaccord Genuity Group to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm presently has a GBX 272 ($3.45) price objective on the investment management company’s stock, up from their prior price objective of GBX 194 ($2.46). Canaccord Genuity Group’s target price suggests a potential upside of 27.58% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 280 ($3.55) price target on shares of Man Group in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 295 ($3.74).

Read Our Latest Research Report on EMG

Man Group Price Performance

Shares of EMG opened at GBX 213.20 ($2.70) on Wednesday. Man Group has a 1-year low of GBX 196.87 ($2.50) and a 1-year high of GBX 279.23 ($3.54). The company has a debt-to-equity ratio of 29.95, a current ratio of 3.23 and a quick ratio of 1.58. The firm has a market capitalization of £2.45 billion, a PE ratio of 1,066.00, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. The company’s fifty day moving average price is GBX 207.40 and its 200-day moving average price is GBX 225.89.

About Man Group

(Get Free Report)

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.

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Analyst Recommendations for Man Group (LON:EMG)

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