Shares of Man Group Plc (LON:EMG) have been assigned a consensus recommendation of “Hold” from the fourteen research firms that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 193.83 ($2.68).
A number of brokerages have recently issued reports on EMG. Liberum Capital reissued a “buy” rating on shares of Man Group in a research note on Wednesday, February 28th. Numis Securities reissued a “hold” rating and issued a GBX 189 ($2.61) price objective on shares of Man Group in a research note on Wednesday, February 28th. Credit Suisse Group boosted their price objective on Man Group from GBX 195 ($2.69) to GBX 243 ($3.36) and gave the company an “outperform” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. boosted their price objective on Man Group from GBX 210 ($2.90) to GBX 215 ($2.97) and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, Shore Capital reissued a “buy” rating on shares of Man Group in a research note on Wednesday, February 28th.
EMG stock opened at GBX 176.50 ($2.44) on Wednesday. Man Group has a 52 week low of GBX 140.49 ($1.94) and a 52 week high of GBX 219.20 ($3.03).
The company also recently declared a dividend, which will be paid on Friday, May 18th. Investors of record on Thursday, April 26th will be paid a dividend of GBX 4.18 ($0.06) per share. This is an increase from Man Group’s previous dividend of $3.79. This represents a yield of 2.55%. The ex-dividend date of this dividend is Thursday, April 26th.
In other news, insider Lord Livingston purchased 29,651 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were acquired at an average cost of GBX 167 ($2.31) per share, with a total value of £49,517.17 ($68,412.78). Also, insider Jonathan Sorrell sold 97,095 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of GBX 175 ($2.42), for a total value of £169,916.25 ($234,755.80).
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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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