Jupiter Fund Management PLC (LON:JUP) had its price target upped by BNP Paribas from GBX 430 ($5.32) to GBX 475 ($5.88) in a research note released on Tuesday. BNP Paribas currently has a neutral rating on the stock.
A number of other equities research analysts have also recently weighed in on the company. Numis Securities Ltd upped their price target on Jupiter Fund Management PLC from GBX 475 ($5.88) to GBX 500 ($6.19) and gave the stock a buy rating in a report on Wednesday, July 27th. Liberum Capital restated a buy rating and issued a GBX 452 ($5.59) price target on shares of Jupiter Fund Management PLC in a report on Tuesday, July 5th. Barclays PLC upgraded Jupiter Fund Management PLC to an overweight rating in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on Jupiter Fund Management PLC from GBX 435 ($5.38) to GBX 380 ($4.70) and set a neutral rating on the stock in a report on Wednesday, June 29th. Finally, Societe Generale upgraded Jupiter Fund Management PLC to a buy rating and lowered their target price for the company from GBX 475 ($5.88) to GBX 460 ($5.69) in a report on Tuesday, July 26th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 426.92 ($5.28).
Jupiter Fund Management PLC (LON:JUP) traded down 0.51% during midday trading on Tuesday, reaching GBX 449.10. The company’s stock had a trading volume of 174,133 shares. The firm’s market capitalization is GBX 2.02 billion. Jupiter Fund Management PLC has a 1-year low of GBX 324.60 and a 1-year high of GBX 481.30. The stock’s 50-day moving average price is GBX 431.73 and its 200 day moving average price is GBX 415.81.
In other news, insider Carter,Edward Bonham sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of GBX 417 ($5.16), for a total transaction of £4,170,000 ($5,160,891.09).
About Jupiter Fund Management PLC
Jupiter Fund Management plc (Jupiter) is a United Kingdom-based fund manager. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company operates through investment management business segment. The Company focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a range of products, including United Kingdom and offshore mutual funds, segregated mandates and investment trusts.
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