Man Group PLC (MNGPY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Man Group PLC (OTCMKTS:MNGPY) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company.

A number of analysts have recently issued reports on MNGPY shares. ValuEngine raised shares of Man Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research cut shares of Man Group PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.

Shares of Man Group PLC (OTCMKTS MNGPY) remained flat at $2.12 during midday trading on Friday. The company has a 50 day moving average of $2.03 and a 200-day moving average of $1.88. Man Group PLC has a 12 month low of $1.34 and a 12 month high of $2.18. The firm’s market cap is $3.50 billion.

The firm also recently disclosed a None dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 18th will be given a dividend of $0.044 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from Man Group PLC’s previous None dividend of $0.04.

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Man Group PLC Company Profile

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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