Jupiter Fund Management PLC (LON:JUP) had its price target boosted by BNP Paribas from GBX 430 ($5.32) to GBX 475 ($5.88) in a research report released on Tuesday. BNP Paribas currently has a neutral rating on the stock.
Several other research firms have also recently commented on JUP. Jefferies Group cut their price target on Jupiter Fund Management PLC from GBX 472 ($5.84) to GBX 406 ($5.02) and set a buy rating on the stock in a research note on Thursday, June 30th. Numis Securities Ltd reiterated a buy rating and issued a GBX 520 ($6.44) price target on shares of Jupiter Fund Management PLC in a research note on Friday, September 2nd. Peel Hunt reiterated a buy rating and issued a GBX 495 ($6.13) price target on shares of Jupiter Fund Management PLC in a research note on Wednesday, July 20th. Credit Suisse Group AG reiterated a neutral rating and issued a GBX 385 ($4.76) price target on shares of Jupiter Fund Management PLC in a research note on Tuesday, July 12th. Finally, Barclays PLC upgraded Jupiter Fund Management PLC to an overweight rating in a research note on Tuesday, October 11th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 447.86 ($5.54).
Shares of Jupiter Fund Management PLC (LON:JUP) opened at 440.35 on Tuesday. The firm’s 50-day moving average price is GBX 433.69 and its 200-day moving average price is GBX 416.41. Jupiter Fund Management PLC has a 52-week low of GBX 324.60 and a 52-week high of GBX 481.30. The firm’s market capitalization is GBX 1.98 billion.
In other news, insider Carter,Edward Bonham sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of GBX 417 ($5.16), for a total transaction of £4,170,000 ($5,160,891.09).
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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