Brokerages Set Jupiter Fund Management PLC (LON:JUP) Price Target at $428.21
Jupiter Fund Management PLC (LON:JUP) has been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 428.21 ($5.59).
JUP has been the subject of a number of recent research reports. Jefferies Group cut their target price on Jupiter Fund Management PLC from GBX 472 ($6.16) to GBX 406 ($5.30) and set a “buy” rating for the company in a research note on Thursday, June 30th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 520 ($6.79) target price on shares of Jupiter Fund Management PLC in a research note on Friday, September 16th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 495 ($6.46) target price on shares of Jupiter Fund Management PLC in a research note on Wednesday, July 20th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 385 ($5.03) target price on shares of Jupiter Fund Management PLC in a research note on Tuesday, July 12th. Finally, Barclays PLC increased their price target on Jupiter Fund Management PLC from GBX 400 ($5.22) to GBX 420 ($5.48) and gave the stock an “equal weight” rating in a report on Thursday, July 21st.
In other news, insider Carter,Edward Bonham sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of GBX 417 ($5.44), for a total transaction of £4,170,000 ($5,443,153.64).
Jupiter Fund Management PLC (LON:JUP) opened at 425.396 on Friday. Jupiter Fund Management PLC has a one year low of GBX 324.60 and a one year high of GBX 481.30. The firm has a 50-day moving average of GBX 426.60 and a 200-day moving average of GBX 413.32. The company’s market capitalization is GBX 1.91 billion.
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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