JPMorgan Chase & Co. Raises Man Group (LON:EMG) Price Target to GBX 170

Man Group (LON:EMG) had its price target lifted by JPMorgan Chase & Co. from GBX 155 ($2.03) to GBX 170 ($2.22) in a research note issued to investors on Monday, Digital Look reports. The brokerage currently has a neutral rating on the investment management company’s stock.

Several other research firms have also commented on EMG. Bank of America reaffirmed a buy rating on shares of Continental in a research report on Wednesday, May 15th. Credit Suisse Group raised shares of ConocoPhillips from a neutral rating to an outperform rating and set a $75.00 price target on the stock in a research report on Tuesday, April 30th. Jefferies Financial Group reaffirmed a hold rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. UBS Group set a $170.00 price target on shares of United Rentals and gave the company a buy rating in a research report on Friday, June 28th. Finally, Shore Capital reaffirmed a buy rating on shares of Porvair in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of GBX 176.50 ($2.31).

Shares of LON:EMG opened at GBX 161.65 ($2.11) on Monday. 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’s 50 day moving average price is GBX 151.32. Man Group has a twelve month low of GBX 124.15 ($1.62) and a twelve month high of GBX 185.40 ($2.42). The firm has a market capitalization of $2.49 billion and a price-to-earnings ratio of 9.51.

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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