Jupiter Fund Management PLC (LON:JUP) had its price target hoisted by Liberum Capital from GBX 435 ($5.38) to GBX 487 ($6.03) in a report issued on Friday. The firm currently has a “buy” rating on the stock. Liberum Capital’s price objective would indicate a potential upside of 9.83% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. Shore Capital reissued a “hold” rating and issued a GBX 448 ($5.54) target price on shares of Jupiter Fund Management PLC in a report on Thursday. Numis Securities Ltd increased their target price on Jupiter Fund Management PLC from GBX 520 ($6.44) to GBX 545 ($6.75) and gave the stock a “buy” rating in a report on Thursday. Peel Hunt reissued a “buy” rating and issued a GBX 495 ($6.13) target price on shares of Jupiter Fund Management PLC in a report on Thursday. BNP Paribas increased their target price on Jupiter Fund Management PLC from GBX 430 ($5.32) to GBX 475 ($5.88) and gave the stock a “neutral” rating in a report on Tuesday. Finally, Barclays PLC raised Jupiter Fund Management PLC to an “overweight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 441.86 ($5.47).
Shares of Jupiter Fund Management PLC (LON:JUP) opened at 451.00 on Friday. The firm’s market capitalization is GBX 2.03 billion. The stock’s 50 day moving average price is GBX 433.15 and its 200-day moving average price is GBX 416.22. Jupiter Fund Management PLC has a 12 month low of GBX 324.60 and a 12 month high of GBX 481.30.
In other news, insider Carter,Edward Bonham sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of GBX 417 ($5.16), for a total value 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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