Jupiter Fund Management PLC (LON:JUP)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a report released on Thursday. They currently have a GBX 495 ($6.13) target price on the stock. Peel Hunt’s price objective points to a potential upside of 11.71% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on JUP. BNP Paribas cut shares of Jupiter Fund Management PLC to a “neutral” rating and set a GBX 415 ($5.14) price target for the company. in a report on Monday, June 27th. JPMorgan Chase & Co. decreased their price target on shares of Jupiter Fund Management PLC from GBX 435 ($5.38) to GBX 380 ($4.70) and set a “neutral” rating for the company in a report on Wednesday, June 29th. Barclays PLC cut shares of Jupiter Fund Management PLC to an “equal weight” rating and decreased their price target for the company from GBX 500 ($6.19) to GBX 400 ($4.95) in a report on Thursday, June 30th. Jefferies Group decreased their price target on shares of Jupiter Fund Management PLC from GBX 472 ($5.84) to GBX 406 ($5.02) and set a “buy” rating for the company in a report on Thursday, June 30th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 452 ($5.59) target price on shares of Jupiter Fund Management PLC in a research note on Tuesday, July 5th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 445.72 ($5.52).
Jupiter Fund Management PLC (LON:JUP) opened at 442.70 on Thursday. Jupiter Fund Management PLC has a one year low of GBX 324.60 and a one year high of GBX 481.30. The company has a 50-day moving average price of GBX 433.69 and a 200-day moving average price of GBX 416.41. The company’s market capitalization is GBX 1.99 billion.
In other news, insider Carter,Edward Bonham sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were 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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