Jupiter Fund Management PLC’s (JUP) “Hold” Rating Reaffirmed at Shore Capital
JUP has been the topic of several other reports. Jefferies Group reduced their price objective on Jupiter Fund Management PLC from GBX 472 ($5.84) to GBX 406 ($5.02) and set a buy rating on the stock in a research report on Thursday, June 30th. Numis Securities Ltd restated a buy rating and set a GBX 520 ($6.44) price target on shares of Jupiter Fund Management PLC in a research report on Friday, September 2nd. Peel Hunt restated a buy rating and set a GBX 495 ($6.13) price target on shares of Jupiter Fund Management PLC in a research report on Wednesday, July 20th. Credit Suisse Group AG restated a neutral rating and set a GBX 385 ($4.76) price target on shares of Jupiter Fund Management PLC in a research report on Tuesday, July 12th. Finally, Barclays PLC upgraded Jupiter Fund Management PLC to an overweight rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 445.72 ($5.52).
Shares of Jupiter Fund Management PLC (LON:JUP) traded up 0.50% during trading on Thursday, reaching GBX 445.60. The company’s stock had a trading volume of 1,216,571 shares. The stock’s 50 day moving average price is GBX 433.15 and its 200-day moving average price is GBX 416.22. 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 market cap is GBX 2.01 billion.
In related news, insider Carter,Edward Bonham sold 1,000,000 shares of Jupiter Fund Management PLC stock in a transaction on 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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