Jupiter Fund Management PLC (LON:JUP) was downgraded by stock analysts at Societe Generale to a “hold” rating in a research note issued on Monday. They presently have a GBX 490 ($5.97) price target on the stock, up from their previous price target of GBX 450 ($5.48). Societe Generale’s price objective indicates a potential upside of 9.67% from the company’s previous close.
Several other research analysts have also weighed in on the stock. Numis Securities Ltd restated a “buy” rating and set a GBX 475 ($5.79) target price on shares of Jupiter Fund Management PLC in a research report on Monday, July 11th. Peel Hunt restated a “buy” rating and set a GBX 495 ($6.03) target price on shares of Jupiter Fund Management PLC in a research report on Wednesday, July 20th. Liberum Capital restated a “buy” rating and set a GBX 452 ($5.51) target price on shares of Jupiter Fund Management PLC in a research report on Tuesday, July 5th. Finally, Jefferies Group lowered their target price on shares of Jupiter Fund Management PLC from GBX 472 ($5.75) to GBX 406 ($4.95) and set a “buy” rating on the stock in a research report on Thursday, June 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 447.86 ($5.46).
Shares of Jupiter Fund Management PLC (LON:JUP) opened at 443.90 on Monday. Jupiter Fund Management PLC has a 52-week low of GBX 324.60 and a 52-week high of GBX 481.30. The stock’s 50 day moving average is GBX 435.09 and its 200 day moving average is GBX 417.04. The stock’s market cap is GBX 2.00 billion.
In related news, insider Carter,Edward Bonham sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of GBX 417 ($5.08), for a total transaction of £4,170,000 ($5,082,266.91).
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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