Oliver Carruthers, an analyst from Goldman Sachs, reiterated the Buy rating on Man Group plc. The associated price target was raised to p345.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Oliver Carruthers has given his Buy rating due to a combination of factors, despite first-quarter assets under management coming in slightly below expectations and headline net outflows driven by one large client redemption. He highlights that underlying demand remains healthy, with particularly strong organic growth in long-only credit strategies, and notes that investment performance in the quarter was solid, led by liquid alternative products.
He also points to further performance gains after quarter end, especially in long-only equities, which supports a more constructive outlook for future fee generation and assets under management. After updating his forecasts for the latest results, market moves, and currencies, he trims his FY26 net income expectations only modestly and slightly increases FY27 estimates, leading to a higher 12‑month price target of 345p and underpinning his continued Buy recommendation on Man Group.
In another report released today, Barclays also maintained a Buy rating on the stock with a £3.10 price target.
EMG’s price has also changed moderately for the past six months – from p204.000 to p245.600, which is a 20.39% increase.