Man Group (LON:EMG) was downgraded by stock analysts at RBC Capital from a “sector performer” rating to an “underperform” rating in a report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 85 ($1.28) target price on the stock, down from their previous target price of GBX 120 ($1.81). RBC Capital’s price objective would suggest a potential downside of 3.08% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JP Morgan Cazenove raised their price target on shares of Man Group from GBX 85 ($1.28) to GBX 108 ($1.63) in a research note to investors on Thursday, July 4th. They now have a “neutral” rating on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Man Group in a research note to investors on Tuesday, July 2nd. They now have a GBX 49 ($0.74) price target on the stock, down previously from GBX 87 ($1.31). Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of Man Group in a research note to investors on Friday, June 21st. They now have a GBX 76 ($1.15) price target on the stock.
Seven equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 99.98 ($1.51).
Man Group (LON: EMG) traded up 0.68% on Thursday, hitting GBX 88.30. Man Group has a 1-year low of GBX 70.60 and a 1-year high of GBX 136.00. The stock’s 50-day moving average is currently GBX 82.79.
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON: EMG).