Several other analysts have also recently commented on the stock. BNP Paribas raised their price target on shares of Jupiter Fund Management PLC from GBX 430 ($5.24) to GBX 475 ($5.79) and gave the stock a neutral rating in a report on Tuesday, October 11th. Barclays PLC upgraded shares of Jupiter Fund Management PLC to an overweight rating in a report on Tuesday, October 11th. Macquarie reaffirmed an underperform rating and set a GBX 360 ($4.39) price objective on shares of Jupiter Fund Management PLC in a research report on Friday, October 7th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 520 ($6.34) price objective on shares of Jupiter Fund Management PLC in a research report on Wednesday, October 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Jupiter Fund Management PLC from GBX 430 ($5.24) to GBX 465 ($5.67) and gave the company a neutral rating in a research report on Tuesday, September 13th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 447.86 ($5.46).
Jupiter Fund Management PLC (LON:JUP) opened at 444.00 on Thursday. The company’s market capitalization is GBX 2.00 billion. The firm’s 50-day moving average is GBX 435.09 and its 200-day moving average is GBX 417.04. Jupiter Fund Management PLC has a 1-year low of GBX 324.60 and a 1-year 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 shares were sold at an average price of GBX 417 ($5.08), for a total value of £4,170,000 ($5,082,266.91).
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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