Jupiter Fund Management (JUP) PT Raised to GBX 500 at BNP Paribas

Jupiter Fund Management (LON:JUP) had its target price upped by BNP Paribas from GBX 490 ($6.88) to GBX 500 ($7.02) in a research report report published on Thursday morning. They currently have an underperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Liberum Capital reissued a buy rating and set a GBX 664 ($9.32) target price on shares of Jupiter Fund Management in a research note on Friday, December 8th. Barclays lifted their price target on Jupiter Fund Management from GBX 585 ($8.21) to GBX 600 ($8.42) and gave the company an equal weight rating in a research report on Friday, January 12th. Numis Securities dropped their price target on Jupiter Fund Management from GBX 595 ($8.35) to GBX 580 ($8.14) and set a hold rating on the stock in a research report on Thursday, February 22nd. Shore Capital restated a hold rating on shares of Jupiter Fund Management in a research report on Thursday, January 11th. Finally, Peel Hunt lowered Jupiter Fund Management to a hold rating and set a GBX 600 ($8.42) price target on the stock. in a research report on Thursday, January 11th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 551.67 ($7.74).

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JUP opened at GBX 471.50 ($6.62) on Thursday. Jupiter Fund Management has a 52-week low of GBX 416 ($5.84) and a 52-week high of GBX 638.80 ($8.97).

Jupiter Fund Management (LON:JUP) last posted its earnings results on Tuesday, February 27th. The company reported GBX 34.20 ($0.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 34.90 ($0.49) by GBX (0.70) (($0.01)). Jupiter Fund Management had a net margin of 34.27% and a return on equity of 25.18%. The business had revenue of £460.20 million for the quarter.

The business also recently announced a dividend, which was paid on Friday, April 6th. Shareholders of record on Thursday, March 8th were issued a GBX 25.80 ($0.36) dividend. This represents a yield of 5.09%. This is an increase from Jupiter Fund Management’s previous dividend of $6.80. The ex-dividend date of this dividend was Thursday, March 8th.

In other Jupiter Fund Management news, insider Maarten Slendebroek sold 100,000 shares of the business’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of GBX 490 ($6.88), for a total value of £490,000 ($687,815.83). Also, insider Edward Bonham Carter sold 56,837 shares of the business’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of GBX 472 ($6.63), for a total value of £268,270.64 ($376,573.05). Insiders sold 179,496 shares of company stock worth $87,451,131 over the last three months.

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Jupiter Fund Management Company Profile

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.

Analyst Recommendations for Jupiter Fund Management (LON:JUP)

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