Man Group Receives Buy Rating from Oriel Securities Ltd (EMG) (DailyPolitical)
MAN GROUP PLC ORD USD0.03428571 (LON:EMG)‘s stock had its “buy” rating reaffirmed by Oriel Securities Ltd in a research note issued on Friday, Analyst Ratings Network reports. They currently have a GBX 115 ($1.78) price target on the stock. A number of other firms have also recently commented on EMG. Analysts at Credit Suisse Group AG (NYSE:CS) reiterated a “neutral” rating on shares of Man Group in a research note to investors on Friday. They now have a GBX 125 ($1.94) price target on the stock, up previously from GBX 115 ($1.78). Separately, analysts at Numis Securities Ltd reiterated a “sell” rating on shares of MAN GROUP PLC ORD USD0.03428571 (LON:EMG) in a research note to investors on Friday. They now have a GBX 75 ($1.16) price target on the stock. Finally, analysts at Goldman Sachs reiterated a “neutral/neutral” rating on shares of Man Group in a research note to investors on Friday. They now have a GBX 116 ($1.80) price target on the stock.
Man Group CEO Says Firm May Buy Back Shares After Redeeming Debt (SFGate)
MAN GROUP PLC ORD USD0.03428571 (LON:EMG), the world’s biggest publicly traded hedge fund manager, said it may buy back shares or pay a special dividend as it tries to reduce its $920 million of surplus capital. The stock jumped. The company plans to repurchase all outstanding debt to reduce surplus capital by as much as $470 million, leaving it with about $450 million by January 2014, MAN GROUP PLC ORD USD0.03428571 (LON:EMG) said in a statement today. The firm may use the remaining surplus to “benefit” investors through stock buy-backs, special dividends or takeovers, Chief Executive Officer Emmanuel Roman said. “We will look at the three options and do what makes the most sense,” Roman, 49, told reporters on a conference call.
Prudential plc Given Buy Rating at Panmure Gordon (PRU) (Zolmax)
Prudential plc (LON:PRU)‘s stock had its “buy” rating restated by analysts at Panmure Gordon in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. They currently have a GBX 1,160 ($17.96) price target on the stock. Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp (NYSE:BAC) reiterated a “buy” rating on shares of Prudential plc (LON:PRU) in a research note to investors on Thursday. Separately, analysts at Bank of America Corp (NYSE:BAC) Merrill Lynch reiterated a “buy” rating on shares of Prudential plc in a research note to investors on Thursday. Finally, analysts at Shore Capital Stockbrokers reiterated a “buy” rating on shares of Prudential plc (LON:PRU) in a research note to investors on Friday, April 26th.
Asian Pay Television IPO Draws Soros, Prudential (WSJ)
Financier George Soros and Prudential plc (LON:PRU)’s funds arm are among the nine investors in the latest Southeast Asian initial public offering to attract foreign interest: the up to 1.4 billion Singapore dollar (US$1.1 billion) listing of Taiwanese pay-television operator Asian Pay Television Trust. Asian Pay Television Trust is the investment vehicle of Taiwan Broadband Communications, which is owned by two funds managed by Australia’s Macquarie Group Ltd.—the Macquarie International Infrastructure Fund, or MIIF, and Macquarie Korea Opportunities Fund. Asian Pay Television said in a prospectus filed with the Monetary Authority of Singapore that the nine cornerstone investors will take up…
