Man Group (LON:EMG) Given New GBX 170 Price Target at Citigroup

Man Group (LON:EMG) had its target price decreased by Citigroup from GBX 185 ($2.49) to GBX 170 ($2.29) in a report released on Friday morning, Marketbeat.com reports. Citigroup currently has a neutral rating on the investment management company’s stock.

EMG has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 205 ($2.76) price objective on shares of Man Group in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of Man Group from GBX 170 ($2.29) to GBX 175 ($2.35) and gave the company a “neutral” rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Man Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 218.80 ($2.94).

Man Group Stock Down 1.2%

Shares of LON EMG opened at GBX 157.44 ($2.12) on Friday. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76. Man Group has a 52 week low of GBX 150.40 ($2.02) and a 52 week high of GBX 229.40 ($3.08). The firm has a 50-day moving average price of GBX 173.95 and a 200 day moving average price of GBX 184.05. The stock has a market capitalization of £2.27 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

About Man Group

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers’ capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society.