Jupiter Fund Management PLC (LON:JUP) was downgraded by equities research analysts at Macquarie to an “underperform” rating in a report issued on Monday. They presently have a GBX 360 ($4.46) price target on the stock, down from their prior price target of GBX 380 ($4.70). Macquarie’s target price would indicate a potential downside of 18.75% from the stock’s current price.
A number of other analysts have also recently weighed in on the stock. Barclays PLC raised shares of Jupiter Fund Management PLC to an “overweight” rating in a research report on Tuesday, October 11th. Numis Securities Ltd upped their price target on shares of Jupiter Fund Management PLC from GBX 475 ($5.88) to GBX 500 ($6.19) and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Liberum Capital reaffirmed a “buy” rating and set a GBX 452 ($5.59) price target on shares of Jupiter Fund Management PLC in a research report on Tuesday, July 5th. 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 research report on Monday, June 27th. Finally, 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 research report on Wednesday, June 29th. Three equities 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 stock. The company has an average rating of “Hold” and a consensus target price of GBX 445.72 ($5.52).
Jupiter Fund Management PLC (LON:JUP) opened at 443.00 on Monday. Jupiter Fund Management PLC has a 12-month low of GBX 324.60 and a 12-month high of GBX 481.30. The company’s 50 day moving average price is GBX 433.69 and its 200-day moving average price is GBX 416.41. The stock’s market cap is GBX 1.99 billion.
In other news, insider Carter,Edward Bonham sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of GBX 417 ($5.16), for a total value of £4,170,000 ($5,160,891.09).
Jupiter Fund Management PLC Company Profile
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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