Jupiter Fund Management PLC (LON:JUP) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from GBX 465 ($5.75) to GBX 495 ($6.13) in a research note issued to investors on Friday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 11.64% from the company’s current price.
A number of other equities analysts have also recently commented on JUP. BNP Paribas cut shares of Jupiter Fund Management PLC to a “neutral” rating and set a GBX 415 ($5.14) target price on the stock. in a research report on Monday, June 27th. Barclays PLC cut shares of Jupiter Fund Management PLC to an “equal weight” rating and decreased their target price for the stock from GBX 500 ($6.19) to GBX 400 ($4.95) in a research report on Thursday, June 30th. Jefferies Group decreased their price objective on shares of 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 report on Thursday, June 30th. Liberum Capital restated a “buy” rating and issued a GBX 452 ($5.59) price objective on shares of Jupiter Fund Management PLC in a research report on Tuesday, July 5th. Finally, Numis Securities Ltd restated a “buy” rating and issued a GBX 475 ($5.88) price objective on shares of Jupiter Fund Management PLC in a research report on Monday, July 11th. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 441.86 ($5.47).
Shares of Jupiter Fund Management PLC (LON:JUP) opened at 451.00 on Friday. The firm’s market cap is GBX 2.03 billion. Jupiter Fund Management PLC has a 12-month low of GBX 324.60 and a 12-month high of GBX 481.30. The company has a 50 day moving average of GBX 433.15 and a 200-day moving average of GBX 416.22.
In other news, insider Carter,Edward Bonham sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were 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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