Jupiter Fund Management PLC (JUP) Lifted to Overweight at Barclays PLC
Jupiter Fund Management PLC (LON:JUP) was upgraded by investment analysts at Barclays PLC to an “overweight” rating in a research report issued on Tuesday.
Several other analysts have also weighed in on the company. Macquarie restated an “underperform” rating and issued a GBX 360 ($4.46) price objective on shares of Jupiter Fund Management PLC in a report on Friday. Numis Securities Ltd restated a “buy” rating and issued a GBX 520 ($6.44) price objective on shares of Jupiter Fund Management PLC in a report on Wednesday, October 5th. JPMorgan Chase & Co. upped their price objective on Jupiter Fund Management PLC from GBX 430 ($5.32) to GBX 465 ($5.75) and gave the company a “neutral” rating in a report on Tuesday, September 13th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 420 ($5.20) target price on shares of Jupiter Fund Management PLC in a report on Monday, August 8th. Finally, Royal Bank Of Canada upped their target price on Jupiter Fund Management PLC from GBX 435 ($5.38) to GBX 450 ($5.57) and gave the company an “outperform” rating in a report on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 424.23 ($5.25).
Jupiter Fund Management PLC (LON:JUP) opened at 454.00 on Tuesday. The stock has a 50 day moving average price of GBX 431.19 and a 200 day moving average price of GBX 415.48. The firm’s market capitalization is GBX 2.04 billion. Jupiter Fund Management PLC has a 1-year low of GBX 324.60 and a 1-year high of GBX 481.30.
In other Jupiter Fund Management PLC news, insider Carter,Edward Bonham sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was 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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