Rating Change: Man Group (ADR) (OTC:MNGPF)’s Is Reaching An Inflection Point; Exane BNP Paribas Downgrades It

November 28, 2016 - By Vivian Park

Rating Change: Man Group (ADR) (OTC:MNGPF)'s Is Reaching An Inflection Point; Exane BNP Paribas Downgrades It

Man Group (ADR) (OTC:MNGPF) Downgrade

In a analysts note shared with investors and clients on Monday morning, Exane BNP Paribas downgraded shares of Man Group (ADR) (OTC:MNGPF) to a “Neutral” rating from a “Outperform” rating.

MAN GROUP PLC ORD USD0.03428571428 (OTCMKTS:MNGPF) Ratings Coverage

Out of 4 analysts covering Man Group (ADR) (OTC:MNGPF), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Man Group (ADR) has been the topic of 6 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The rating was downgraded by Citigroup to “Sell” on Friday, May 6. The rating was upgraded by Citigroup on Monday, June 27 to “Neutral”. RBC Capital Markets upgraded the shares of MNGPF in a report on Friday, July 22 to “Outperform” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, November 12. The stock of MAN GROUP PLC ORD USD0.03428571428 (OTCMKTS:MNGPF) earned “Outperform” rating by BNP Paribas on Monday, September 14. The firm has “Buy” rating by Jefferies given on Friday, October 23.

It is down 32.44% since April 25, 2016 and is downtrending. It has underperformed by 38.46% the S&P500.

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