Jupiter Fund Management PLC’s (JUP) “Buy” Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reissued their buy rating on shares of Jupiter Fund Management PLC (LON:JUP) in a report released on Wednesday. Numis Securities Ltd currently has a GBX 520 ($6.79) target price on the stock.
A number of other analysts have also recently weighed in on the stock. Liberum Capital restated a buy rating and issued a GBX 452 ($5.90) price objective on shares of Jupiter Fund Management PLC in a research note on Tuesday, July 5th. BNP Paribas cut shares of Jupiter Fund Management PLC to a neutral rating and set a GBX 415 ($5.42) target price for the company. in a research note on Monday, June 27th. JPMorgan Chase & Co. cut their target price on shares of Jupiter Fund Management PLC from GBX 435 ($5.68) to GBX 380 ($4.96) and set a neutral rating for the company in a research note on Wednesday, June 29th. Barclays PLC upped their target price on shares of Jupiter Fund Management PLC from GBX 400 ($5.22) to GBX 420 ($5.48) and gave the company an equal weight rating in a research note on Thursday, July 21st. Finally, Peel Hunt reiterated a buy rating and set a GBX 495 ($6.46) target price on shares of Jupiter Fund Management PLC in a research note on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 428.21 ($5.59).
Shares of Jupiter Fund Management PLC (LON:JUP) traded down 0.07% during mid-day trading on Wednesday, reaching GBX 452.10. 236,401 shares of the company traded hands. Jupiter Fund Management PLC has a 52-week low of GBX 324.60 and a 52-week high of GBX 481.30. The stock’s 50 day moving average is GBX 428.94 and its 200 day moving average is GBX 414.70. The stock’s market capitalization is GBX 2.03 billion.
In related news, insider Carter,Edward Bonham sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of GBX 417 ($5.44), for a total value of £4,170,000 ($5,443,153.64).
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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