Man Group
Does this Upgrade present an opportunity for you?
Is it irrelevant, or will the Upgrade make the Man Group share price more attractive?
- Berenberg starts coverage at Buy with a target price of 206p.
- Consensus: 7 Buys, 7 Holds, 1 Sell; Avg target: 161p (Source: Bloomberg).
- Current share price 153p (at time of writing).
- Will the shares turn back, or will they rally back to recent 183p highs?
- Shares -1.5% from 2019 highs; +20.2% from 2019 lows; +16% year-to date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Man Group – An Example
Let’s say you think that Man Group shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Man Group using a CFD, at the current price of 153p. To do this, you need £2,000.
For the purpose of this example, let’s assume the Man Group share price rises to recent highs at 183p (+19.6%). Your profit would be £1960 from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Man Group shares fall 5% and hit your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.