Jupiter Fund Management PLC (LON:JUP) had its price objective boosted by Liberum Capital from GBX 435 ($5.30) to GBX 487 ($5.94) in a research note released on Friday morning. The firm currently has a buy rating on the stock.
Other analysts also recently issued reports about the stock. Numis Securities Ltd reiterated a buy rating and issued a GBX 475 ($5.79) price objective on shares of Jupiter Fund Management PLC in a research report on Monday, July 11th. Peel Hunt reiterated a buy rating and issued a GBX 495 ($6.03) price objective on shares of Jupiter Fund Management PLC in a research report on Wednesday, July 20th. Jefferies Group cut their price objective 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. Societe Generale upgraded shares of Jupiter Fund Management PLC to a buy rating and cut their price objective for the company from GBX 475 ($5.79) to GBX 460 ($5.61) in a research report on Tuesday, July 26th. Finally, Barclays PLC lifted their price objective on shares of Jupiter Fund Management PLC from GBX 400 ($4.88) to GBX 420 ($5.12) and gave the company an equal weight rating in a research report on Thursday, July 21st. 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 stock. The stock presently has an average rating of Hold and a consensus price target of GBX 447.86 ($5.46).
Shares of Jupiter Fund Management PLC (LON:JUP) opened at 443.60 on Friday. The firm’s market capitalization is GBX 2.00 billion. Jupiter Fund Management PLC has a 52-week low of GBX 324.60 and a 52-week high of GBX 481.30. The stock has a 50 day moving average of GBX 435.09 and a 200 day moving average of GBX 417.04.
In other news, insider Carter,Edward Bonham sold 1,000,000 shares of Jupiter Fund Management PLC 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 value 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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