Numis Securities Ltd reiterated their buy rating on shares of Jupiter Fund Management PLC (LON:JUP) in a research note released on Wednesday. They currently have a GBX 520 ($6.44) target price on the stock.
JUP has been the topic of several other research reports. Jefferies Group dropped their target price 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 report on Thursday, June 30th. 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 Wednesday, July 20th. Credit Suisse Group AG reissued a neutral rating and issued a GBX 385 ($4.76) target price on shares of Jupiter Fund Management PLC in a report on Tuesday, July 12th. Barclays PLC increased their target price on Jupiter Fund Management PLC from GBX 400 ($4.95) to GBX 420 ($5.20) and gave the company an equal weight rating in a report on Thursday, July 21st. Finally, JPMorgan Chase & Co. dropped their target price on Jupiter Fund Management PLC from GBX 435 ($5.38) to GBX 380 ($4.70) and set a neutral rating on the stock in a report on Wednesday, June 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 424.23 ($5.25).
Jupiter Fund Management PLC (LON:JUP) opened at 449.40 on Wednesday. Jupiter Fund Management PLC has a 52 week low of GBX 324.60 and a 52 week high of GBX 481.30. The company has a 50 day moving average price of GBX 431.19 and a 200 day moving average price of GBX 415.48. The stock’s market cap is GBX 2.02 billion.
In related news, insider Carter,Edward Bonham sold 1,000,000 shares of the firm’s stock in a transaction dated 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).
About Jupiter Fund Management PLC
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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