BNP Paribas Reiterates “Neutral” Rating for Jupiter Fund Management PLC (JUP)
Jupiter Fund Management PLC (LON:JUP)‘s stock had its “neutral” rating restated by stock analysts at BNP Paribas in a report issued on Monday. They presently have a GBX 480 ($6.00) target price on the stock. BNP Paribas’ price objective indicates a potential upside of 9.89% from the stock’s current price.
A number of other research analysts have also recently commented on the company. Numis Securities Ltd cut Jupiter Fund Management PLC to an “add” rating and decreased their price target for the stock from GBX 545 ($6.81) to GBX 520 ($6.50) in a research report on Wednesday, November 16th. Barclays PLC upgraded Jupiter Fund Management PLC to an “overweight” rating in a research report on Tuesday, October 11th. Macquarie cut Jupiter Fund Management PLC to an “underperform” rating and decreased their price target for the stock from GBX 380 ($4.75) to GBX 360 ($4.50) in a research report on Monday, October 17th. JPMorgan Chase & Co. raised their price objective on Jupiter Fund Management PLC from GBX 380 ($4.75) to GBX 430 ($5.37) and gave the company a “neutral” rating in a research note on Thursday, July 28th. Finally, Liberum Capital raised their price objective on Jupiter Fund Management PLC from GBX 435 ($5.43) to GBX 487 ($6.08) and gave the company a “buy” rating in a research note on Friday, October 14th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 452.51 ($5.65).
Shares of Jupiter Fund Management PLC (LON:JUP) opened at 429.10 on Monday. The stock has a 50 day moving average price of GBX 440.07 and a 200-day moving average price of GBX 420.51. Jupiter Fund Management PLC has a 52 week low of GBX 324.60 and a 52 week high of GBX 476.60. The company’s market capitalization is GBX 1.93 billion.
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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