Jupiter Fund Management (LON:JUP) announced its quarterly earnings results on Tuesday. The company reported GBX 34.20 ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 34.90 ($0.48) by GBX (0.70) (($0.01)), Bloomberg Earnings reports. The firm had revenue of £4,602 billion for the quarter. Jupiter Fund Management had a return on equity of 25.18% and a net margin of 34.27%.
Shares of Jupiter Fund Management (LON JUP) opened at GBX 518.60 ($7.16) on Tuesday. Jupiter Fund Management has a 12 month low of GBX 402.60 ($5.56) and a 12 month high of GBX 638.80 ($8.83). The stock has a market capitalization of $2,410.00 and a PE ratio of 1,672.90.
Several equities research analysts have commented on the company. Peel Hunt restated a “hold” rating and set a GBX 600 ($8.29) price target on shares of Jupiter Fund Management in a research note on Tuesday. Liberum Capital restated a “buy” rating and set a GBX 664 ($9.17) price target on shares of Jupiter Fund Management in a research note on Tuesday. Shore Capital restated a “hold” rating on shares of Jupiter Fund Management in a research note on Tuesday. UBS Group lowered Jupiter Fund Management to a “sell” rating and dropped their price target for the stock from GBX 545 ($7.53) to GBX 450 ($6.22) in a research note on Monday. Finally, Numis Securities dropped their price target on Jupiter Fund Management from GBX 595 ($8.22) to GBX 580 ($8.01) and set a “hold” rating for the company in a research note on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 558 ($7.71).
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Jupiter Fund Management plc is a fund manager. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a range of products, including the United Kingdom and offshore mutual funds, segregated mandates and investment trusts.
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