Man Group (LON:EMG) Price Target Raised to GBX 188 at Credit Suisse Group

Man Group (LON:EMG) had its target price lifted by Credit Suisse Group from GBX 180 ($2.35) to GBX 188 ($2.46) in a research note issued to investors on Tuesday morning, Digital Look reports. The firm currently has an outperform rating on the investment management company’s stock.

Several other brokerages have also recently issued reports on EMG. Berenberg Bank set a €126.00 ($146.51) target price on shares of Nemetschek and gave the company a neutral rating in a research report on Tuesday, April 23rd. Jefferies Financial Group restated a hold rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. JPMorgan Chase & Co. upgraded shares of M.D.C. from an underweight rating to a neutral rating in a research report on Monday, July 8th. Shore Capital restated a buy rating on shares of Porvair in a research report on Thursday, April 11th. Finally, Bank of America restated a buy rating on shares of Continental in a research report on Wednesday, May 15th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 177.50 ($2.32).

Shares of LON EMG opened at GBX 168.35 ($2.20) on Tuesday. The firm’s 50-day simple moving average is GBX 153.81. The company has a debt-to-equity ratio of 9.42, a current ratio of 3.38 and a quick ratio of 2.92. The stock has a market cap of $2.59 billion and a PE ratio of 9.90. Man Group has a 12-month low of GBX 124.15 ($1.62) and a 12-month high of GBX 185.40 ($2.42).

About Man Group

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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