Jupiter Fund Management (LON:JUP) Price Target Raised to GBX 200

Jupiter Fund Management (LON:JUP) had its target price hoisted by Berenberg Bank from GBX 187 to GBX 200 in a research note issued to investors on Friday,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft upped their price target on shares of Jupiter Fund Management from GBX 180 to GBX 185 and gave the stock a “hold” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Jupiter Fund Management has a consensus rating of “Moderate Buy” and an average price target of GBX 192.50.

Jupiter Fund Management Stock Performance

Shares of JUP opened at GBX 173.89 on Friday. The company has a 50-day moving average of GBX 165.94 and a two-hundred day moving average of GBX 164.20. The stock has a market cap of £871.46 million, a P/E ratio of 9.40 and a beta of 1.30. The company has a current ratio of 1.58, a quick ratio of 1.79 and a debt-to-equity ratio of 4.75. Jupiter Fund Management has a 12-month low of GBX 137.20 and a 12-month high of GBX 214.50.

Jupiter Fund Management (LON:JUP) last released its earnings results on Thursday, July 23rd. The company reported GBX 7.20 EPS for the quarter. Jupiter Fund Management had a net margin of 19.32% and a return on equity of 11.59%. As a group, research analysts predict that Jupiter Fund Management will post 8.51 EPS for the current fiscal year.

Insider Buying and Selling

In other Jupiter Fund Management news, insider Matthew Beesley sold 447,370 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of GBX 173, for a total value of £773,950.10. Company insiders own 4.20% of the company’s stock.

About Jupiter Fund Management

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.