Man (EMG.L) 25-11-19
Shares in Man (EMG.L) have fallen dramatically from recent highs of 175.15p. Will it continue, or is this an opportunity to pick up a bargain?
- Now trading at 145.5p (at time of writing). A return to previous highs would represent a rise of 20%.
- The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
- Shares -16% from 12-month highs; +14% from 12 month lows.
04 Nov: Berenberg reiterates its buy rating on Man Group (EMG) and reduced the target price to 192p (from 206p).
28 Oct: Goldman Sachs reiterates its neutral rating on Man Group (EMG) and reduced the target price to 160p (from 175p).
25 Oct: UBS has downgraded its rating on Man Group (EMG) to neutral (from buy) and reduced the target price to 155p (from 195p).
16 Oct: Credit Suisse reiterates its outperform rating on Man Group (EMG) and reduced the target price to 184p (from 196p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires