Man Group plc, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Marina Massuti from Morgan Stanley maintained a Hold rating on the stock and has a p202.00 price target.
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Marina Massuti’s rating is based on a combination of factors including the current valuation of Man Group plc and its recent financial performance. The company is trading at a price-to-earnings ratio of 10 times its estimated 2026 earnings, which is below the sector average of approximately 12 times. This suggests that while the stock may be undervalued compared to its peers, there are other considerations that temper enthusiasm for a more aggressive rating.
Despite the positive news of assets under management being 6% ahead of expectations and strong net sales, there are mixed signals such as modest outflows in absolute return funds. The performance of key funds has improved, but the overall mix of results suggests a cautious approach. Therefore, the Hold rating reflects a balanced view of the potential for modest upside against the backdrop of these mixed indicators.
Massuti covers the Financial sector, focusing on stocks such as Intermediate Capital, Bridgepoint Group Plc, and Allfunds Group plc. According to TipRanks, Massuti has an average return of -3.6% and a 35.71% success rate on recommended stocks.
In another report released on October 13, J.P. Morgan also maintained a Hold rating on the stock with a £1.88 price target.