Macquarie lowered shares of Jupiter Fund Management PLC (LON:JUP) to an underperform rating in a research report sent to investors on Monday morning. They currently have GBX 360 ($4.39) target price on the stock, down from their prior target price of GBX 380 ($4.63).

JUP has been the subject of a number of other reports. Numis Securities Ltd restated a buy rating and issued a GBX 520 ($6.34) price objective on shares of Jupiter Fund Management PLC in a research report on Wednesday, October 5th. Peel Hunt restated a buy rating and issued a GBX 495 ($6.03) price objective on shares of Jupiter Fund Management PLC in a research report on Thursday, October 13th. Shore Capital restated a hold rating and issued a GBX 448 ($5.46) price objective on shares of Jupiter Fund Management PLC in a research report on Thursday, October 13th. JPMorgan Chase & Co. raised their price objective on shares of Jupiter Fund Management PLC from GBX 465 ($5.67) to GBX 495 ($6.03) and gave the company a neutral rating in a research report on Friday. Finally, Liberum Capital raised their price objective on shares of Jupiter Fund Management PLC from GBX 435 ($5.30) to GBX 487 ($5.94) and gave the company a buy rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Jupiter Fund Management PLC currently has a consensus rating of Hold and an average target price of GBX 447.86 ($5.46).

Shares of Jupiter Fund Management PLC (LON:JUP) opened at 445.50 on Monday. Jupiter Fund Management PLC has a 12-month low of GBX 324.60 and a 12-month high of GBX 481.30. The company’s market capitalization is GBX 2.01 billion. The firm’s 50-day moving average is GBX 434.76 and its 200-day moving average is GBX 416.78.

In related news, insider Carter,Edward Bonham sold 1,000,000 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of GBX 417 ($5.08), for a total transaction of £4,170,000 ($5,082,266.91).

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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