Jupiter Fund Management PLC (JUP) PT Raised to GBX 487
Jupiter Fund Management PLC (LON:JUP) had its price objective hoisted by analysts at Liberum Capital from GBX 435 ($5.30) to GBX 487 ($5.94) in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s price objective would suggest a potential upside of 10.06% from the stock’s previous close.
Several other brokerages have also recently commented on JUP. Barclays PLC lifted their price objective on shares of Jupiter Fund Management PLC from GBX 400 ($4.88) to GBX 420 ($5.12) and gave the company an “equal weight” rating in a research note on Thursday, July 21st. BNP Paribas cut shares of Jupiter Fund Management PLC to a “neutral” rating and set a GBX 415 ($5.06) price objective for the company. in a research note on Monday, June 27th. Numis Securities Ltd lifted their price objective on shares of Jupiter Fund Management PLC from GBX 520 ($6.34) to GBX 545 ($6.64) and gave the company a “buy” rating in a research note on Thursday, October 13th. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 420 ($5.12) target price on shares of Jupiter Fund Management PLC in a research note on Monday, August 8th. Finally, Royal Bank Of Canada boosted their target price on shares of Jupiter Fund Management PLC from GBX 435 ($5.30) to GBX 450 ($5.48) and gave the company an “outperform” rating in a research note on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Jupiter Fund Management PLC currently has an average rating of “Hold” and a consensus target price of GBX 447.86 ($5.46).
Jupiter Fund Management PLC (LON:JUP) opened at 447.10 on Friday. The company’s 50-day moving average is GBX 434.76 and its 200 day moving average is GBX 416.78. Jupiter Fund Management PLC has a 1-year low of GBX 324.60 and a 1-year high of GBX 481.30. The stock’s market capitalization is GBX 2.01 billion.
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 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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