Jupiter Fund Management PLC (JUP) Given New GBX 545 Price Target at Numis Securities Ltd
Jupiter Fund Management PLC (LON:JUP) had its price target upped by Numis Securities Ltd from GBX 520 ($6.44) to GBX 545 ($6.75) in a research note published on Thursday. They currently have a buy rating on the stock.
A number of other research analysts have also weighed in on the company. Liberum Capital reaffirmed a buy rating and set a GBX 452 ($5.59) price objective on shares of Jupiter Fund Management PLC in a research report on Tuesday, July 5th. Barclays PLC raised Jupiter Fund Management PLC to an overweight rating in a report on Tuesday. BNP Paribas lowered Jupiter Fund Management PLC to a neutral rating and set a GBX 415 ($5.14) target price for the company. in a report on Monday, June 27th. JPMorgan Chase & Co. reduced their target price on Jupiter Fund Management PLC from GBX 435 ($5.38) to GBX 380 ($4.70) and set a neutral rating for the company in a report on Wednesday, June 29th. Finally, Societe Generale raised Jupiter Fund Management PLC to a buy rating and reduced their target price for the stock from GBX 475 ($5.88) to GBX 460 ($5.69) in a report on Tuesday, July 26th. 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 stock. The company currently has an average rating of Hold and a consensus target price of GBX 445.72 ($5.52).
Jupiter Fund Management PLC (LON:JUP) traded up 0.47% during mid-day trading on Thursday, hitting GBX 445.50. The company had a trading volume of 1,216,256 shares. The company’s market capitalization is GBX 2.01 billion. Jupiter Fund Management PLC has a 52 week low of GBX 324.60 and a 52 week high of GBX 481.30. The firm’s 50 day moving average is GBX 433.15 and its 200 day moving average is GBX 416.22.
In other news, insider Carter,Edward Bonham sold 1,000,000 shares of the business’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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