Jupiter Fund Management PLC (JUP) Price Target Raised to GBX 500 at Credit Suisse Group
Jupiter Fund Management PLC (LON:JUP) had its target price increased by Credit Suisse Group from GBX 375 ($4.87) to GBX 500 ($6.49) in a research report released on Thursday, July 27th. The brokerage currently has an underperform rating on the stock.
Several other equities research analysts have also issued reports on JUP. UBS AG restated a neutral rating and issued a GBX 440 ($5.71) target price on shares of Jupiter Fund Management PLC in a report on Tuesday, April 4th. Shore Capital restated a hold rating on shares of Jupiter Fund Management PLC in a report on Wednesday, July 26th. Numis Securities Ltd restated an add rating and issued a GBX 570 ($7.40) target price on shares of Jupiter Fund Management PLC in a report on Wednesday, July 26th. BNP Paribas restated a neutral rating and issued a GBX 490 ($6.36) target price on shares of Jupiter Fund Management PLC in a report on Tuesday, July 18th. Finally, Liberum Capital lifted their price objective on shares of Jupiter Fund Management PLC from GBX 487 ($6.32) to GBX 591 ($7.67) and gave the company a buy rating in a report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 504.47 ($6.55).
Shares of Jupiter Fund Management PLC (LON JUP) traded up 1.06% during trading on Thursday, hitting GBX 525.00. 895,400 shares of the stock traded hands. The stock’s market cap is GBX 2.36 billion. The firm’s 50-day moving average price is GBX 522.11 and its 200-day moving average price is GBX 471.44. Jupiter Fund Management PLC has a 12 month low of GBX 388.90 and a 12 month high of GBX 565.00.
The firm also recently declared a dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 3rd will be issued a GBX 6.80 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a dividend yield of 1.28%.
In other news, insider Edward Bonham Carter sold 147,060 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of GBX 489 ($6.35), for a total value of £719,123.40 ($933,562.77).
Jupiter Fund Management PLC Company Profile
Jupiter Fund Management plc is a fund manager. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a range of products, including the United Kingdom and offshore mutual funds, segregated mandates and investment trusts.
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