Zacks Investment Research Lowers Man Group (MNGPY) to Sell

Man Group (OTCMKTS:MNGPY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Man Group plc is in alternative investment management business. It provides investment management services to private investors, institutions and financial professionals. Its key areas of business include people, information technology and risk management. The Company’s investment management expertise extends from single managers such as Man AHL to fund of funds managers such as Man multi-manager. Its products include UCITS III compliant products, open-ended products, capital protection or income products, convertible bonds, advisory solutions and managed accounts. Man Group plc is headquartered in London, the United Kingdom. “

Separately, Royal Bank of Canada cut Man Group from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th.

Shares of Man Group (OTCMKTS:MNGPY) remained flat at $$2.93 during mid-day trading on Thursday. Man Group has a 1 year low of $1.46 and a 1 year high of $2.93.

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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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